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Gelest Acquires Bimax

Acquisition bolsters Gelest’s portfolio of specialty materials and solutions.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Gelest, Inc., a New Mountain Capital portfolio company, announced the acquisition of Bimax, a manufacturer and marketer of specialty monomers and polymers for use in the manufacture of contact lenses, intraocular lenses, personal care products, coatings and adhesives and other advanced technology applications.
 
“The addition of Bimax is an important step in our strategic plan. Bimax strengthens our position in high-growth value-added applications, provides access to new customers and talent, and expands our production capability and R&D pipeline,” said Ken Gayer, CEO of Gelest.
 
Bimax will continue to operate under the Bimax name, and all employees will be retained in their current roles.  As they increasingly look for challenging materials and innovative technology solutions, customers of Gelest and Bimax will benefit from a wider product range, greater service infrastructure and the enhanced technical capabilities of the combined company.

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