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Arkema acquires Oxford Performance Materials |
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Monday, 16 February 2009 |
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As part of its strategy to further expand in
performance materials, Arkema announced
the acquisition of the US
company Oxford Performance Materials, Inc.
(OPM), manufacturer of polyether ketone ketone ultra-high-performance
technical polymers marketed under the brandname OXPEKK®. OPM will operate as an Arkema
subsidiary from its Enfield,
CT headquarters with the
established management team. The firm will continue its commercial focus on
advanced medical and industrial applications for its proprietary materials.
Now with
Arkema, we can broaden our industrial strategy and pursue more market
opportunities. OPMs single-minded focus on PEKK and Arkemas technical polymer
competencies and capabilities will be a formidable combination offering highly
promising prospects for the development of ultra-high-performance polymers said Scott
DeFelice, OPM President and CEO.
OXPEKK® polyether ketone
ketone is a high-temperature and chemically resistant, semi-crystalline
thermoplastic with exceptional abrasion resistance and natural flame retardancy.
This product already has many applications, including in aerospace, long-term
medical implants, and down-hole equipment for the oil and gas industries.
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