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Bids, Mergers and Takeovers

Victrex acquire Zyex for £10m cash

06 April 2017 07:24

Victrex has acquired UK based Zyex, a specialist in the manufacture of PEEK based fibres, for cash consideration of £10m.

It said the acquisition offered further downstream growth opportunities in the developing fibre applications area.

Victrex said the investment was in line with its downstream strategy and focus on selected semi-finished and differentiated products, based on PEEK and PAEK polymers.

Zyex was principally focused on the Aerospace, Automotive and Industrial markets.

Story provided by StockMarketWire.com

Related Company: VCT

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