GEON Performance Solutions, a leader in the formulation, development and manufacture of performance polymer solutions, announced 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.
“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.
