27 January 2006
27 January 2006
Solvay has agreed to acquire Mississippi Polymer Technologies (MPT), the US-based start-up company that commercialized Parmax self-reinforced plastics.
“Solvay has assembled among the largest and most distinctive range of specialty polymers"" commented Vincenzo Morici, General Manager, Strategic Business Unit Specialty Polymers. ""It is definitely our intent to offer the broadest portfolio of ultra-high performance polymers. The recent agreement for the acquisition of Gharda's Polymer Division, and now MPT, will allow Solvay to offer a diverse set of polymers including Polyamideimide (Torlon), polyether ketones (PEEK), high performance sulfones, and Parmax "" Morici added. Parmax is a family of melt-processable, amorphous, rigid-rod thermoplastics. 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. ""We are very enthusiastic about the acquisition of the MPT operations and the dedicated people associated with this business"" stated Roger Kearns, CEO of Solvay Advanced Polymers. ""This dedication was recently demonstrated by their tremendous efforts to recover quickly and get the facility returned to normal after the devastating hurricanes that hit the Gulf Coast region"" he added. Kearns also noted that ""Solvay Advanced Polymers' strategy is to provide the broadest range of solutions to our customers' most difficult problems. The addition of Parmax, the people, and site in Mississippi gives us a powerful new engine for growth”.