in North America

Find a product

 

Products found :
See products
0

Market segment :

News

The Groupe Méaban owns 51% of Babb Co’s capital

Published on 06 janvier 2012

As from 01/01/2012, the Groupe Méaban (holding of Socomore) owns 51% of Babb Co’s capital. HBC – the other Babb Co shareholder owns the remaining 49%

This investment follows the strategic willingness of the Groupe Méaban to become a worldwide major key in the treatment, preparation and protection of “critical” surfaces – surfaces, that with a wrong treatment could have an impact on the lives of future users.

The NDT (Non Destructive Testing) product ranges sold by Babb Co  belong to this group and complete the ranges of other Groupe Méaban’s subsidiaries. The products of the two companies are aimed at the aerospace, energy, automotive, railway and nautic markets. The merge of both companies will finance the development of new products and extend their geographic territory to support customers located throughout the world.

The two companies have been cooperating since a long time to develop. Groupe Méaban has  held in the past a minority stake in Babb Co’s capital since 2008. They share much in common:

  • They formulate, produce and sell their product lines by putting priority on customer satisfaction and presence.
  • Their products meet strong customer requirements and are approved by major industrials: their products are referenced in the manufacturing process of manufacturers and their subcontractors.
  • A similar philosophy of business and employees management.

Corporations will continue to operate independently and without impact to their customers and suppliers. Marc Desvignes remains the Babb Co’s CEO and HBC shareholder. Frédéric Lescure, Chairman and Chief Executive Officer Méaban welcomes this new stage: "We are confident that this merger will benefit both companies'.

 

Babb Co, based in Plaisir (near Paris) since 1952, formulates and sells products and materials of Non Destructive Testing by penetrant testing, magnetic particle testing and radiographic inspection mainly for aerospace and nuclear industries.The company has 31 employees and  realises 20% of turnover outside France.

 

Groupe Méaban, based in Vannes (56) since 1998, formulates et sells surfaces preparation and protection products  such as paint strippers, degreasers, deoxydizers, solvents before painting and bonding, sol-gel products for aerospace and transport industries. The company employs 105 people and realises 35% of its turnover abroad through 8 SOCOMORE and MAGCHEM subsidiaries (Germany, Spain, UK, Russia, 2 in China, Poland, Canada) and its 2 sales offices in Italy and Brazil.
Socomore will be exhibiting at the Aerospace & Defense Supplier Summit in Seattle, USA.
Meet our Socomore team at the Aerospace & Defense Supplier Summit in Seattle from 10th to 13th March...
Socomore won an award for its research in coatings for aerospace
Our product manager, Dr Nadia Moreau, was honoured with the Paul Dufour award for her research paper...
SOCOMORE will participate at the DUBAI Air Show in Dubai World Central Airport from 17 to 21 November 2013
For the first time, Socomore will be exhibiting at the International DUBAI Air Show on stand 841 within...
Socomore will be exhibiting at the Aero Engineering show in Birmingham, UK
Come and meet Socomore on stand C5, Hall 5, at the Aero Engineering show, on 12th and 13th November in...
Shelf life extension for more than 100 Socomore products
Shelf life for more than 100 Socomore products extends from 24 to 36 months..