TPI Composites enters $20M asset sale agreement with ECP Blade Holdings in Chapter 11

TPI COMPOSITES, INC

ECP Blade Holdings to pay $20M cash for wind blade manufacturing assets in US and Mexico, plus assumption of liabilities.
Sale includes equity in TPI Composites S. de R.L. de C.V. and other subsidiaries, plus US/Mexico/Europe facility assets.
Transaction requires Bankruptcy Court approval, operational milestones, Oaktree consent, and regulatory approvals.
Deal may be terminated if not closed by June 30, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

TPI COMPOSITES, INC entered into ECP Purchase Agreement with ECP Blade Holdings LLC valued at $20,000,000 in cash (effective 2026-03-06).

Action: entry
Agreement: asset purchase
Counterparty: ECP Blade Holdings LLC
Value: $20,000,000 in cash
Effective: 2026-03-06

Exact text from the filing

On March 6, 2026, the Company and certain of its direct and indirect subsidiaries (collectively, the “ECP Seller Parties”) entered into a Stock and Asset Purchase Agreement (the “ECP Purchase Agreement”) with ECP Blade Holdings LLC (“ECP Buyer”).

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TPI COMPOSITES, INC filing history →

Source: SEC EDGAR

accession 0001193125-26-097651

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