Victrex acquires PEEK based fibre producer Zyex
Producer of high performance polymer solutions Victrex Plc has acquired Zyex, a manufacturer of PEEK based fibres, mainly used in the aerospace, automotive, and industrial markets. The acquisition strengthens Victrex's fibre products range, application expertise and resources, while also developing new and existing solutions for customers.
Zyex´s product range focuses on PEEK polymer based fibres for applications such as process belting, filtration or wiring harnesses, with manufacturing facilities in Gloucestershire, UK.
The investment is also expected to enable Victrex to explore the potential of additive manufacturing within the fibres segment.
"The acquisition of Zyex is compelling for Victrex, enabling us to drive future growth opportunities within well-aligned markets and developing application areas," Victrex CEO David Hummel said. "The company´s capabilities and the teams´ expertise will further complement our product offering."
Fibre2Fashion News Desk – India