“The acquisition of Zyex is compelling for Victrex, enabling us to drive future growth opportunities within well-aligned markets and developing application areas.” “The company´s capabilities and the teams´ expertise will further complement our product offering. While Zyex is well-established, Victrex’s global reach, innovation focus and proven track record of building new markets offers an attractive opportunity to further develop the business over the coming years. This is in line with our strategy to offer selected and differentiated semi-finished product forms and parts for our customers, building on our core polymer offering,” said David Hummel, Chief Executive of Victrex.
Acceleration of growth through scale, capabilities and expertise
Zyex´s product range focuses on PEEK polymer based fibers for applications such as process belting, filtration or wiring harnesses, with manufacturing facilities in Gloucestershire, UK.
The acquisition of Zyex builds on other recent investments. In February 2017, Victrex announced a new joint venture, TxV Aero Composites, with Tri-Mack plastics to accelerate the commercial adoption of polyketone (PAEK*) composite applications within the aerospace industry, through the manufacture of selected parts utilizing new and innovative processes. Victrex also invested in a minority interest in Magma Global Ltd in December 2016, to strengthen the partnership and facilitate the adoption of the pioneering m-pipe® technology for subsea oil and gas composite pipes.