Materials technology company Gelest Inc. (Morrisville, PA), a New Mountain Capital portfolio company, announced today the acquisition of Bimax (Glen Rock, PA), 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,” said CEO Ken Gayer, adding that it “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. Like Gelest, Bimax has a long track record of growth built over decades of developing products based on specific and unique customer needs. Bimax fits very well with our corporate culture and our philosophy of enabling our customers’ technology, and we look forward to working with the management team at Bimax going forward,” said Gayer.
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, said the press release.
Gelest develops silicones, organosilanes and metal-organics for the medical device, life sciences, microelectronics, personal care and other high technology end markets.