Stamford’s Hexcel Corp. has invested $10 million in South Windsor additive manufacturer Oxford Performance Materials Inc. (OPM), for a total equity investment of more than $25 million, OPM said Friday.
In May, Hexcel took a $15.8 million stake in the South Windsor firm, an amount later disclosed in Securities and Exchange Commission filings. At the time, Oxford’s CEO and Chairman Scott DeFelice said the Hexcel investment would help Oxford expand its production capacity.
Hexcel supplies advanced composites technology for commercial aerospace, space and defense and industrial uses. OPM develops thermoplastics for biomedical, aerospace and industrial applications.
OPM recently announced a contract award from Boeing to supply 3D-printed OXFAB structural production parts for the CST-100 Starliner spacecraft. The additional $10 million will help OPM expand capacity to meet market demand for that and similar work, OPM said.
