Evonik Acquires Polymer Powders Company
Evonik Industries (Essen, Germany) announced that it has acquired Structured Polymers Inc. (Austin, Texas) for access to its new patented technology in specialty polymer powders.
Through their corresponding agreement, a plan of merger has been excuted and the transaction has since been closed.
Structured Polymers Inc. is a technology start-up for 3D printing materials in the additive manufacturing market. Its new technology begins with a polymer granulite, which is converted into a fine powder through various processes and can control exact particle sizes, while achieving eminent material properties, according to the company.
Through the merging process, Structure Polymers will be entirely integrated into Evonik’s North American organization, with its headquarters still located in Austin.
“The acquisition of Structured Polymers’ technology excellently complements our existing activities with high-performance polymers for additive manufacturing,” said Ralph Marquardt, head of Strategy and Growth Businesses for Evonik Resource Efficiency GmbH.
“Thanks to our decades of expertise in polymer chemistry, this means we will expand our portfolio of customized, ready-to-use polymer materials for the highly attractive, rapidly growing 3D printing market, thus giving us a key role in shaping development of that market.”
Financial terms for the deal were not made public.