Heavy pounds! American Gelest Silicone Company Acquisition Bimax Company


Ken Gayer, CEO of Gelest, said that the acquisition of Bimax was an important step in Gelest's strategic plan. Bimax strengthens the company's position in high growth and value-added applications, provides opportunities for new customers and talents, and expands our production capacity and R&D channels. Like Gelest, Bimax has maintained a long-term growth in product development based on the specific needs of its customers. Bimax fits Gelest's corporate culture and promotes customer technology, and looks forward to moving forward with Bimax's management team.


Andre Mura, president of Xinshan, said the acquisition was an important part of its investment company New Hill Capital's investment plan for Gelest and represented significant progress in its investment Gelest growth plan. He believes that the two companies are highly complementary, and the merger of the two companies will provide customers with higher value. Xinshan said it looked forward to further investment in Gelest in the future.


Gelest Silicone Company: Headquartered in Morrisville, Pennsylvania, it is a company specializing in the research, development, production and sale of silicone, silane coupling agents and organometallic materials. Its products are mainly used in medical devices, life sciences, microelectronics, personal care and other advanced technology terminal markets. Through the development and supply of chemicals, the company can help customers solve material science problems, and ultimately enable customers to achieve new product technology.


Bimax Company: Founded in 1987, headquartered in Glenn Rock, Pennsylvania. It is an enterprise specializing in the development and sale of monomers and surfactants. Its products are mainly used in contact lenses, intraocular lenses, personal care products, coatings and adhesives, and other advanced technology applications.


Xinshan Company: An investment company headquartered in New York, is a company that focuses on business rather than debt construction and growth, pursuing long-term capital appreciation. The company currently manages private equity, public equity and credit funds with assets of over $20 billion. Xinshan Company was founded in 2000 and has been working in the professional material industry since 2008. In May 2017, Xinshan acquired Gelest.


Originality: New Nationalized Materials