South Windsor’s Oxford Performance Materials Inc. has received what it terms a strategic investment from Hexcel Corp. in Stamford.
The companies would not disclose the level of investment because they are both privately held. Hexcel now owns a minority stake in Oxford.
Oxford is an advanced materials and additive manufacturing (3D printing) company. Hexcel is a supplier of advanced composites for commercial aerospace, space and defense and industrial applications. Oxford uses Hexcel carbon fiber in the production of its 3D printed structural parts for a range of satellite and aerospace programs.
According to Oxford’s CEO and Chairman Scott DeFelice, the Hexcel investment will help Oxford expand its production capacity. It also sets the stage for joint technology collaboration and business development efforts, DeFelice said in a statement.
Oxford has 60 employees and 50,000 square feet of manufacturing/R&D/office space in two South Windsor facilities.