Evonik sells polyimide foams operation to Boyd

PRW

Published: July 29, 2014 10:46 am ET
Updated: July 29, 2014 10:50 am ET

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Topics Materials, Mergers & Acquisitions, Materials Suppliers

Modesto, Calif.-based Boyd Corp., a manufacturers of specialty material and sealing agents, has purchased Evonik Industries’ Solimide low-density polyimide foams business.

“Acquiring Evonik’s Solimide foam business represents a unique opportunity for our company to obtain a high-performing technology that positions us to realize significant growth within key commercial aerospace, defense and building infrastructure segments,” said Mitch Aiello, Boyd’s president and chief executive in a news release.

“By applying Boyd’s specialty material and energy management application expertise, leveraging our sales and distribution channels and our world-class supply chain, Solimide foams will help us better serve our rapidly expanding customer base.”

Originally designed by NASA, Solimide is the dominant foam for the defense industry as well as for mission-critical insulation applications in both the wide-body and regional aircraft markets.


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Evonik sells polyimide foams operation to Boyd

PRW

Published: July 29, 2014 10:46 am ET
Updated: July 29, 2014 10:50 am ET

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