Noveon: Acquisition of certain assets of SJM Eurostat
Noveon, Inc. announced that it had purchased sheet extrusion technology and other assets from SJM Eurostat S.A. (SJM). The purchase price was not disclosed. SJM, headquartered in Point-de-Poitte, France, is a leading supplier of static control products to the electronics industry in Europe.
Under the terms of the purchase agreement, Noveon will immediately begin servicing all existing SJM electrostatic discharge (ESD) sheet customers with SJM toll-producing extruded sheet products for sale exclusively by Noveon. The sheet extrusion technology acquired by Noveon includes carbon-filled HIPS, ABS/PC, HDPE and EVA. Noveon will also introduce a new dual-layer HIPS product which combines the conductive, carbon-filled technology from SJM with a layer of dissipative, Stat-Rite® polymer technology from Noveon.
‘This purchase supports Noveon’s strategy of offering a comprehensive line of ESD sheet and compound products to meet the performance needs of our global customer base,’ said Tim Fahey, Global Business Director of Noveon static control product lines. ‘Acquiring this technology from SJM Eurostat expands our sheet product portfolio and immediately enhances our ability to serve thermoforming customers as well as the electronics industry in Europe,’ Fahey said.
For more information about this Noveon acquisition, please visit the Noveon static control products website at www.stat-rite.com .