Skip to content
Science

GEON(R) Performance Solutions Announces PolymaxTPE Acquisition

GEON Performance Solutions 3 mins read

WESTLAKE, OH / ACCESSWIRE / December 1, 2023 / GEON Performance Solutions, a global leader in the formulation, development and manufacture of performance polymer solutions, announced today the acquisition of PolymaxTPE which specializes in the development of premium thermoplastic elastomer (TPE) materials for manufacturers across a diverse range of industries throughout North America, Asia and Europe. PolymaxTPE has two full-service manufacturing sites in Nantong, Jiangsu, China, and Waukegan, Ill, USA.

GEON Performance Solutions
GEON Performance Solutions
GEON Performance Solutions

"Founded in 2005 in Nantong, Jiangsu, China, and expanded to include the Waukegan, Ill, USA facility in 2015, PolymaxTPE is a recognized leader in TPE research, development and manufacturing, serving customers globally. This addition represents a key step forward in GEON's strategy. The Nantong facility and tenured team will enable us to better serve our customers in the Asia-Pacific region and the facility in Illinois will support our continuous growth in North American markets through expanded polymer solutions and market access. We intend to maximize the incredible expertise of the PolymaxTPE team augmented by the resources of GEON and look forward to bringing its TPE solutions to our customers," said GEON CEO Tracy Garrison.

"PolymaxTPE 's leading thermoplastic elastomer technology will be fully leveraged by GEON to make the combined company a global leader in thermoplastic elastomer. This alignment secures a strong future for our customers," said Dr. Martin Lu, chief technology officer and co-founder of PolymaxTPE.

Sales and manufacturing operations for both companies will continue as usual through the transition.

About GEON Performance Solutions

GEON Performance Solutions is a global leader in the formulation, development and manufacture of performance polymer solutions. With a portfolio of highly adaptable vinyl and polyolefin polymer technologies as well as a full-service manufacturing business, GEON combines three powerful traditions into a single, customer-focused business. GEON Performance Solutions is a leading innovator in the development of performance material solutions for a broad range of markets, including appliances, building & construction, electronics, healthcare, transportation, wire & cable and more. GEON Performance Solutions has approximately 1,000 global associates and 12 world-class manufacturing plants with headquarters in Westlake, Ohio. Please visit us at geon.com to learn more. GEON Performance Solutions is a portfolio company of SK Capital Partners.

About SK Capital Partners

SK Capital is a private investment firm with a disciplined focus on the specialty materials, ingredients, and life sciences sectors. The firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term economic value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher-performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital's portfolio of businesses generates revenues of approximately $17 billion annually, employs more than 25,000 people globally, and operates more than 200 plants in over 30 countries. The firm currently has approximately $7.9 billion of assets under management. For more information, please visit skcapitalpartners.com.

Contact Information

Grace Liu
Director of Marketing
grace.liu@geon.com
+1 (216)-678-7099

SOURCE: GEON Performance Solutions

.


View source version on accesswire.com:
https://www.accesswire.com/812453/geonr-performance-solutions-announces-polymaxtpe-acquisition

More from this category

  • Science
  • 28/02/2024
  • 11:00
Monash University

Monash expert: Three record low Antarctic sea ice summers in the past three years

A Monash University expert from the Securing Antarctica's Environmental Future research group is available to comment on the three record low Antarctic sea ice summers over the past three years, highlighting what could be a critical transition for Antarctic sea ice Dr Ariaan Purich, Lecturer in the School of Earth Atmosphere and Environment, Faculty of Science, Monash UniversityContact: +61 3 9903 4840 or media@monash.edu or ariaan.purich@monash.eduRead more of Dr Purich’s commentary at Monash Lens The following can be attributed to Dr Purich: “In February 2023, Antarctic sea ice extent broke the record minimum, set only a year earlier in February…

  • Environment, Science
  • 28/02/2024
  • 08:35
Parliament of Australia

New inquiry into Antarctica

TheJoint Standing Committee on the National Capital and External Territorieswill examine theimportance of Antarctica to Australia’s national interestin a new inquiry launched today. Committee Chair,Alicia Payne MP, said, “Australia has a proud history as an Antarctic leader. The Australian Antarctic Territory covers approximately 42 per cent of the continent and Australia plays a significant role in maintaining the continent for peace, scientific exploration, and environmental protection.” “Australia’s ongoing and future commitments in Antarctica are now more important than ever. Australia has a responsibility to itself and the international community to remain a strong advocate for Antarctica through its domestic and…

  • Engineering, Science
  • 28/02/2024
  • 08:30
UNSW Sydney

Making light work! Researchers create synthetic methane using only the sun

Engineers at UNSW have developed a way to produce a synthetic fuel from carbon dioxide using only sunlight. The research team’s process involves utilising light and heat to induce a reaction which creates synthetic methane from CO₂. Their research, published inEES Catalysis, could help to reduce reliance on fossil fuels. “Methane is the major component of natural gas, and already widely used as a source of fuel, but is also a powerful greenhouse gas. Creating synthetic methane using only the natural resource of the sun is a cleaner and greener alternative for usage in heavy transportation, shipping, and other specific…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.