Victrex, the UK-based high performance polymers producer, has acquired Zyex, which makes PEEK-based fibres principally for the aerospace, automotive and industrial markets. Terms of the acquisition were not announced.
Zyex has a facilitiy in Gloucestershire, UK, where it manufactures for applications such as process belting, filtration or wiring harnesses. The company has been a long-standing customer of Victrex – the two companies were spun out of ICI, the former UK materials group.
“The two companies coming together is a natural evolution. The complementary strengths of Zyex and Victrex will create a world class supplier of PEEK fibres,” said Victrex in a statement.
Victrex is a producer of PEEK polymer, but in recent years has extended downstream, for example in the production of PEEK pipes and composites.
Victrex said: “Beyond opportunities from developing new and existing applications, the investment will also enable Victrex to explore the potential of additive manufacturing within the fibres area, building on the additive manufacturing consortium announced in 2016.”