TPI Composites Sells Units, Businesses to ECP Blade for $20m

TPI Composites entered into a stock and asset purchase agreement with ECP Blade Holdings to sell its certain units and business for $20 million in cash.

• Sale includes equity interests in certain indirect subsidiaries
• Sale also includes all assets related to wind blade manufacturing business at facilities in the US and Mexico and related storage facilities
  • Wind blade inspection and repair services in the US, and Europe and Mexico
  • Design and technical support to global manufacturing and service operations through engineering and technical centers
• Transaction is subject to bankruptcy court approval and other closing conditions
• Note, Aug. 11, 2025: TPI ...