MORRISVILLE, PA – Gelest Inc., a materials science innovator and New Mountain Capital portfolio company, announced the acquisition of Bimax, a manufacturer and marketer of specialty monomers and polymers.
"The addition of Bimax is an important step in our strategic plan. Bimax strengthens our position in high-growth value-added applications, provides access to new customers and talent, and expands our production capability and R&D pipeline,” said Ken Gayer, Chief Executive Officer of Gelest. “Like Gelest, Bimax has a long track record of growth built over decades of developing products based on specific and unique customer needs. Bimax fits very well with our corporate culture and our philosophy of enabling our customers’ technology, and we look forward to working with the management team at Bimax going forward.”