<SEC-DOCUMENT>0000930413-18-003473.txt : 20181130
<SEC-HEADER>0000930413-18-003473.hdr.sgml : 20181130
<ACCEPTANCE-DATETIME>20181130084513
ACCESSION NUMBER:		0000930413-18-003473
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20181128
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20181130
DATE AS OF CHANGE:		20181130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HEXCEL CORP /DE/
		CENTRAL INDEX KEY:			0000717605
		STANDARD INDUSTRIAL CLASSIFICATION:	PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821]
		IRS NUMBER:				941109521
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08472
		FILM NUMBER:		181209939

	BUSINESS ADDRESS:	
		STREET 1:		TWO STAMFORD PLAZA
		STREET 2:		281 TRESSER BLVD., 16TH FLOOR
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
		BUSINESS PHONE:		203-969-0666

	MAIL ADDRESS:	
		STREET 1:		TWO STAMFORD PLAZA
		STREET 2:		281 TRESSER BLVD., 16TH FLOOR
		CITY:			STAMFORD
		STATE:			CT
		ZIP:			06901
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c92421_8k.htm
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<P STYLE="margin: 0"></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">FORM 8-K</P>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">CURRENT REPORT</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Pursuant to Section 13 OR 15(d) of the Securities
Exchange Act of 1934</P>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">November 30, 2018&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(November 28, 2018)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">______________________________________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of report &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Date of earliest event reported)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Hexcel Corporation</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________________________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-size: 11pt">Delaware</FONT></TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 29%; text-align: center"><FONT STYLE="font-size: 11pt">1-8472</FONT></TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 35%; text-align: center"><FONT STYLE="font-size: 11pt">94-1109521</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">(State of Incorporation)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">(Commission File No.)</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 11pt">(IRS Employer Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Two Stamford Plaza</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">281 Tresser Boulevard</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Stamford, Connecticut 06901-3238</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">______________________________________________________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of Principal Executive Offices and
Zip Code)</P>

<P STYLE="font: 6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(203) 969-0666</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">__________________________________________________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Registrant's telephone number, including area
code)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">N/A</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________________________________________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former Name or Former Address, if Changed Since
Last Report)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[&nbsp;&nbsp;] Written Communication pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[&nbsp;&nbsp;] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[&nbsp;&nbsp;] Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">[&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 8pt 0 0">Indicate by check mark whether the registrant is an&nbsp;emerging&nbsp;growth&nbsp;company
as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act
of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Emerging growth company&nbsp;&#9633;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 8pt 0 0">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.&#9633;</P>


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<P STYLE="font: 2pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-indent: -40.5pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Section 7 &ndash; Regulation FD</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-indent: -40.5pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-indent: -40.5pt">Item 7.01 Regulation FD Disclosure</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On November 30, 2018, Hexcel Corporation (&ldquo;Hexcel&rdquo;)
issued a press release announcing that it entered into the agreement described in Item 8.01 below. The information contained in
the press release, which is attached to this report as Exhibit&nbsp;99.1, is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The information furnished pursuant to Item 7.01
of this report, including Exhibit 99.1, shall not be considered &ldquo;filed&rdquo; for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the liability of such section, nor shall it be incorporated by reference
into future filings by Hexcel under the Securities Act of 1933, as amended or under the Securities Exchange Act of 1934, as amended,
unless Hexcel expressly sets forth in such future filing that such information is to be considered &ldquo;filed&rdquo; or incorporated
by reference therein.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Section 8 &ndash; Other Events</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Item 8.01 Other Events</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On November 28, 2018, Hexcel entered into a definitive agreement
to acquire ARC Technologies, Inc. for a base purchase price of $160 million. The closing of the transaction is subject to customary
closing conditions, including regulatory approvals.&nbsp;<FONT STYLE="font-size: 11pt">&#9;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 40.5pt; text-indent: -40.5pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Section 9 &ndash; Financial Statements
and Exhibits</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: center; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-indent: -0.5in">Item 9.01 Financial Statements and
Exhibits.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in">(d)&nbsp; &nbsp;Exhibits</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 27pt">99.1</TD><TD><A HREF="c92421_ex99-1.htm">Press Release issued by Hexcel Corporation on November 30, 2018.</A></TD></TR></TABLE>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 1.25in; text-align: justify; text-indent: -49.5pt">&nbsp;</P>



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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Signature</U></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 50%">HEXCEL CORPORATION&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>November 30, 2018</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: 1pt solid">/s/ Gail E. Lehman</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Gail E. Lehman</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Executive Vice President, General<BR>
 Counsel &amp; Secretary&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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<TYPE>EX-99.1
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<P STYLE="margin: 0">&nbsp;</P>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right"><B>Exhibit 99.1</b></p>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: center">
    <TD STYLE="width: 100%"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 47.2pt; width: 134.7pt"></TD></TR>
<TR STYLE="vertical-align: top; text-align: center">
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: center">
    <TD STYLE="border-top: Black 2pt solid"><P STYLE="font: bold 36pt Tahoma, Helvetica, Sans-Serif; margin: 0 0.0in 0 0; text-align: center">
News Release</P>
</TD></TR>
<TR STYLE="vertical-align: top; text-align: center">
    <TD STYLE="border-top: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: center">
    <TD><P STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif; margin: 0 0.0in 0 0; text-align: center">Hexcel Corporation, 281 Tresser Boulevard,
Stamford, CT 06901 (203) 969-0666</P>
</TD></TR>
<TR STYLE="vertical-align: top; text-align: center">
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
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<P STYLE="margin: 0">&nbsp;</P>
<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>Hexcel to Acquire
ARC Technologies</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">STAMFORD, Conn., November 30, 2018 &ndash; <u>Hexcel
Corporation</u> (NYSE:HXL) announced today that it has entered into a definitive agreement to acquire ARC Technologies, Inc., a
leading supplier of custom RF / EMI and microwave absorbing composite materials for military, aerospace and industrial applications.
The acquisition strengthens Hexcel&rsquo;s existing advanced materials portfolio in structural composites and thermoplastics and
provides new opportunities for growth and market penetration.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: white"><u>ARC Technologies</u>,
founded in 1988, is a privately-owned manufacturer with about 170 employees working at two locations in Amesbury, Massachusetts.
The company has a wide range of capabilities for producing RF / EMI and microwave absorbing materials and specializes in combining
absorptive metallic filler compounds &ndash; including carbon, iron and nickel-coated graphite &ndash; with a proprietary blend
of polymer resins to generate various matrix materials including structural composites and thermoplastics.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">Hexcel Chairman, CEO and President Nick Stanage said, &ldquo;ARC
Technologies is a leader in materials science with talented people and a culture that is a strong fit with ours. This acquisition
will combine two great research and technology teams to further develop next-generation products for both commercial and military
aerospace and defense applications. Both companies are committed to maintaining strong customer relationships focused on innovative
solutions so we will be well positioned to grow and enhance the business.&rdquo;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="background-color: white">ARC Technologies Founder &amp;
CEO Daniel P. Healey, III&nbsp;said, </FONT>&ldquo;This acquisition represents a major step in strengthening our capabilities in
RF absorbing materials, thermoplastic products and specialty composites. Hexcel has a well-known industry reputation for producing
high-performance structural materials, so the acquisition will improve our ability to offer the next generation of aerospace materials
and advanced composites to our customers. Knowing Hexcel&rsquo;s corporate credibility and culture, I&rsquo;m confident that the
acquisition will benefit both companies and all of our employees.&rdquo;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0">ARC Technologies is expected to generate about $50 million in revenue
in 2018. The agreed-upon purchase price is $160 million, which represents a multiple of 11.9 times 2018 expected adjusted EBITDA.
The transaction is expected to be accretive to Hexcel&rsquo;s earnings in 2019 and is subject to customary commercial and regulatory
conditions and approvals. It is expected to close early in 2019.</P>

<P STYLE="font: 12pt Calibri Light,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">*****</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0;"><B>About Non-GAAP Financial
Measures and Items Affecting Comparability</B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: #FEFEFE; color: #444444">&nbsp;</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0;">&ldquo;EBITDA&rdquo; (net
income before net interest expense, income taxes, depreciation and amortization) and &ldquo;adjusted EBITDA&rdquo; (EBITDA as adjusted
for cash and non-cash acquisition-related expenses, gains and losses (which may include third party fees and expenses, integration,
restructuring and consolidation expenses and amortization of acquired inventory fair value step-up) are &ldquo;non-GAAP financial
measures.&rdquo; Hexcel provides adjusted EBITDA guidance for ARC Technologies and does not provide a reconciliation to the most
directly comparable GAAP financial measure because of the inherent difficulty in forecasting and quantifying certain amounts that
are necessary for such reconciliation, including adjustments that could be made for acquisition-related expenses, gains and losses
and other charges reflected in the reconciliation of the non-GAAP financial measure, the amounts of which could be material.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; background-color: #FEFEFE; color: #444444">&nbsp;</P>
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<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0;"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0.5in 0 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0.5in 0 0; text-align: justify">Statements
in this press release that are not statements of historical or current fact constitute &ldquo;forward-looking statements.&rdquo;
 The &ldquo;forward-looking statements&rdquo; in this press release include,
without limitation, statements related to the planned acquisition of ARC Technologies and the timing and expected impact thereof,
as well as the anticipated 2018 adjusted EBITDA and revenue of ARC Technologies. Such forward-looking statements involve
 known and unknown risks, uncertainties and other factors that may&nbsp;cause actual results to be materially different.&nbsp;&nbsp;Such
factors include, but are not limited to, the failure to obtain regulatory approvals for the transaction, the failure to satisfy
other closing conditions for the transaction, unanticipated difficulties in integrating ARC Technologies&rsquo; operations into
Hexcel&rsquo;s operations and other factors detailed in the Forward Looking Statements and
Risk Factors sections of Hexcel&rsquo;s Annual Report on Form 10-K for the fiscal year ended December 31, 2017 and in its Quarterly
Report on Form 10-Q for the fiscal quarter ended September 30, 2018 filed with the Securities and Exchange Commission. We do not
undertake an obligation to update our forward-looking statements to reflect future events.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0.5in 0 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0.5in 0 0; text-align: left"><FONT STYLE="background-color: white"><B>About
Hexcel</B></FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0.5in 0 0; text-align: left"><FONT STYLE="background-color: white">Hexcel
Corporation is a leading advanced composites company. It develops, manufactures and markets lightweight, high-performance structural
materials including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives,
engineered core and composite structures for use in commercial aerospace, space and defense and industrial applications. </FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0.5in 0 0"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0.5in 0 0"><B><FONT STYLE="background-color: white">Contact Information</font></B></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0.5in 0 0"><FONT STYLE="background-color: white">Kaye Veazey | Vice President &ndash; Corporate &amp; Marketing
Communications | 203-352-0339 | Kaye.Veazey@hexcel.com</font></P>



<P STYLE="margin: 0">&nbsp;</P>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
