UK speciality company Croda International Plc has acquired Finnish technology company IonPhasE Oy for an undisclosed amount.
Headquartered in Tampere, Finland, IonPhasE is a leading manufacturer of static dissipative polymer additives - commonly known as permanent antistatic additives.
IonPhase products help prevent damage to electrical components, increase the safety of chemical and food packaging and improve the long-term appearance of consumer appliances.
Focused on electrostatic discharge protection (ESD) and inherently dissipative polymers (IDPs), IonPhasE’s products work to release static electricity y in a “controlled way”.
In a 13 Dec statement, the Yorkshire, UK-based Croda said the acquisition supported its growth strategy within high technology, consumer driven markets.
The takeover will also allow Croda to meet the demand for polymer additives that control static electricity in automotive parts, household appliances, personal electronic devices and other sensitive components.
“The acquisition of IonPhasE presents a significant opportunity to us at Croda with its differential product range operating in a niche, high value sector of the polymer market,” commented Mike Millington, polymer additives global business director at Croda.