TPI Composites Inc. Finalizes Sale of Subsidiaries to XCS Composites, Closing Set for September 19, 2025
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TPI Composites Inc. has finalized a binding term sheet with XCS Composites L.L.C-FZ for the sale of its subsidiaries, TPI Kompozit Kanat Sanayi ve Ticaret Anonim Şirketi and TPI Kompozit Kanat 2 Üretim Sanayi ve Ticaret Limited Şirketi. The purchaser will assume all liabilities and debts of the subsidiaries. The transaction is expected to close by September 19, 2025, pending certain conditions.
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