Solvay to boost ultra performance polymer portfolio with acquisition of Mississippi Polymer Technologies
Solvay announced that it has signed a binding Agreement for the acquisition of Mississippi Polymer Technologies (MPT). MPT is a US-based start-up company that commercialized PARMAX®, a new family of specialty materials with unique properties. This will further expand Solvay's portfolio of ultra-performance polymers. The acquisition of MPT is scheduled to be completed in the coming months.
PARMAX® is a family of transparent amorphous materials that exhibit a remarkable and unique combination of strength, stiffness and hardness. Chemical resistance for PARMAX® is comparable to semi-crystalline materials and is unsurpassed by any other transparent polymer. PARMAX® can be melt processed using standard molding or extrusion methods. Its distinctive performance attributes make it an attractive, lightweight alternative to metals in demanding applications such as aerospace components, medical tubing and devices, semiconductor components, and industrial applications including bushings, bearings, gears, and valves. Solvay plans to integrate the PARMAX® product line with those products within the Solvay Advanced Polymers, L.L.C. operating unit headquartered in Alpharetta, Georgia.
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