FRX Polymers Inc secures US$ 22 million in Series D equity financing
Chelmsford, MA, USA: 6 September 2016 - FRX Polymers Inc, the global leader in polymeric halogen-free flame retardant solutions, announced today that it has secured US$ 22 million in Series D equity-financing lead by CITIC Capital based in Beijing. Other parties participating in the financing were FRX Polymers' current shareholders including PMV Tina Fund, Capricorn Venture Partners, FXP Holdings, Evonik Venture Capital, Mubadala Capital, RobecoSam, Israel Cleantech Fund, and other stakeholders including the company's employees and senior management group. The new financing will be used to fund the company's growth into Asia.
The new round of equity investment will help support business growth in China and other parts of the world, according to Marc Lebel, President and CEO of FRX Polymers. China is the fastest-growing region for flame-retardant plastics, according to the company.
More info on FRX Polymers' website.
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