10th April 2017, Thornton Cleveleys
Victrex, headquartered in Thornton Cleveleys, UK, has acquired Zyex, a manufacture of PEEK-based fibres, principally for the aerospace, automotive, and industrial markets.
The move will enable Victrex to offer differentiated Victrex PEEK-based solutions to open-up new markets as a result of additional fibre products, application expertise and resources from the Zyex team.
“The acquisition of Zyex is compelling for Victrex, enabling us to drive future growth opportunities within well-aligned markets and developing application areas,” said Victrex CEO David Hummel. “While Zyex is well-established, our global reach, innovation focus and proven track record of building new markets offers an attractive opportunity to further develop the business over the coming years. This is in line with our strategy to offer selected and differentiated semi-finished product forms and parts for our customers, building on our core polymer offering.”
The Zyex product range has a focus on PEEK polymer based fibres for applications such as process belting, filtration or wiring harnesses, with manufacturing facilities in Gloucestershire, UK.
The acquisition builds on other recent investments. In February 2017, Victrex announced a new joint venture, TxV Aero Composites, with Tri-Mack plastics to accelerate the commercial adoption of polyketone (PAEK) composite applications within the aerospace industry, through the manufacture of selected parts utilizing new and innovative processes. Victrex also invested in a minority interest in Magma Global in December 2016, to strengthen the partnership and facilitate the adoption of the pioneering m-pipe technology for subsea oil and gas composite pipes.