Evonik acquires US-based startup Structured Polymers
A corresponding agreement and plan of merger was executed and the transaction has been closed recently. The acquisition will provide Evonik access to a new patented technology that will allow the company to expand its portfolio of specialty polymer powders in the additive manufacturing market. Structured Polymers will be entirely integrated into Evonik’s North American organisation, while its company headquarters will remain in Austin, Texas. “The acquisition of Structured Polymers’ technology excellently complements our existing activities with high-performance polymers for additive manufacturing,” says Dr. Ralph Marquardt, the head of Strategy and Growth Businesses for Evonik Resource Efficiency GmbH.
New technology for 3D printing materials
Evonik already laid the foundations for an acquisition of the technology startup in the fall of 2017 through a venture capital investment. Structured Polymers’ innovative technology starts with a polymer granulate, which is converted to a fine powder through various process steps. This makes it possible to produce polymer powders with controlled particle sizes ranging in diameter between 0.1 and 400 µm, while achieving excellent material properties.