Evonik has acquired Structed Polymers Inc., a US-based technology start-up for 3D printing materials. A corresponding agreement and plan of merger was executed, and transition has recently been closed.
The acquisition will provide Evonik access to a new patented technology allowing the company to expand its portfolio of speciality polymer powders in the additive manufacturing market.
“The acquisition of Structured Polymers’ technology excellently complements our existing activities with high-performance polymers for additive manufacturing,” said Dr Ralf Marquardt, Head of Strategy and Growth Businesses for Evonik Resource Efficiency GmbH.
“Thanks to our decades of expertise in polymer chemistry, this means we will expand our portfolio of customised, ready-to-use polymer materials for the highly attractive, rapidly growing 3D printing market, thus giving us a key role in shaping development of that market,” Marquardt continued.
Structured Polymers will be entirely integrated into Evonik’s North American organisation, while its company headquarters will remain in Austin, Texas.
“We are very pleased to harness the power of Evonik to expand our innovative technology platform even further. In the near future, this will allow us to diversify the 3D printing materials market to a significant degree and to work with our customers on developing new business opportunities,” said Vikram Devarajan, CEO of Structured Polymers Inc.