GEON Performance Solutions Buys PolymaxTPE

GEON Performance Solutions, a global leader in the formulation, development and manufacture of performance polymer solutions, announced has purchased Polymax^TPE, which specializes in the development of premium thermoplastic elastomer (TPE) materials across a diverse range of industries throughout North America, Asia and Europe. Polymax^TPE has two full-service manufacturing sites: Nantong, Jiangsu, China, and Waukegan, Illinois.

“Founded in 2005, Polymax^TPE is a recognized leader in TPE research, development and manufacturing, serving customers globally. This addition represents a key step forward in GEON’s strategy,” notes GEON CEO Tracy Garrison. “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 Polymax^TPE team augmented by the resources of GEON and look forward to bringing its TPE solutions to our customers.”

Dr. Martin Lu, chief technology officer and co-founder of Polymax^TPE, adds, “Polymax^TPE’s leading thermoplastic elastomer technology will be fully leveraged by GEON to make the combined company a global leader in thermoplastic elastomers. This alignment secures a strong future for our customers.” 

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