• Kyodo

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Toray Industries Inc. said Thursday it will buy Dutch carbon-fiber-maker TenCate Advanced Composites Holdings BV for €930 million ($1.15 billion) in its largest ever acquisition to expand its aircraft applications business.

Toray, the world’s top carbon-fiber supplier, agreed on the purchase with TenCate’s parent firm Koninklijke Ten Cate BV. The transaction will be completed later this year after gaining approval from regulatory authorities, it said.

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