DSM Desotech, a manufacturer of UV-curable coatings, inks and matrix materials for the production of glass optical fiber and optical cable, has acquired the assets of U.S.-based Polymeric Processes Inc. (PPI), a producer of UV-curable coatings for tube and pipe applications. Both parties have agreed not to disclose financial details.
The acquisition reportedly accelerates the efforts of Desotech's UVentionT group, which develops custom UV-curable materials for select markets in the U.S. and Europe.
"The tube and pipe industry is a fast-growing market for both clear and color UV coatings," said UVention Market Platform Manager Dr. Anthony Toussaint. "Not only do these coatings provide greater productivity gains for manufacturers, but they offer a greener solution for the corrosion protection of tube and pipe products. We feel confident that the acquisition of PPI will enhance what we're able to offer this market in terms of both technology and service."
John Maddox, President of Polymeric Processes Inc., agreed that the acquisition is a win-win for both parties. "PPI is providing market-ready products, a growing customer base and extensive application experience. When combined with DSM Desotech's global R&D resources and established market channels, there is tremendous growth potential for this effort."
For more information, visitwww.dsmdesotech.com,www.polymericprocesses.comorwww.UVention.com.