Nexeo Solutions Named Authorized Distributor of Evonik Acrylic-Based Medical Products
24 October 2018 - 8:05PM
Nexeo Solutions Expands Product Portfolio in the Medical
and Diagnostic Industries With Acrylic-Based Products From Evonik
Industries
Evonik Cyro LLC (“Evonik”) has selected Nexeo Solutions
(NASDAQ:NXEO) to distribute Evonik’s high performance acrylic-based
polymer products CYROLITE®, XT® POLYMER, CYREX®, CYROLITE® MD and
Vu-Stat® for the medical device and diagnostic industries in the
United States, Canada, Puerto Rico, and Latin America effective
November 1, 2018.
Evonik’s Performance Materials Segment is a leading provider of
polymer materials with more than forty years of experience offering
customized products for the medical sector. Evonik provides
advanced medical acrylics designed for diagnostic applications
requiring exceptional light transmittance and optical clarity, as
well as infusion therapy and blood handling applications that must
deliver outstanding chemical and lipid resistance, such as IV
accessories, blood/plasma separators and more.
“Expanding our Healthcare portfolio with performance materials
from Evonik is a great addition to our offering of specialty
plastics for the medical industry,” said Shawn Williams, Executive
Vice President of Plastics at Nexeo Solutions. “Evonik is known as
a trendsetter across multiple industries for their trusted
collaboration helping shape customers’ businesses. Our customers
will benefit from Evonik’s commitment to innovation and quality,
coupled with our technical expertise and industry-leading supply
chain network to deliver exceptional acrylic-based products that
meet demanding requirements,” Williams added.
About Nexeo Solutions
Nexeo Solutions is a leading global chemicals and plastics
distributor, representing products from world-class producers to a
diverse customer base. From product specification to sustainable
solutions, the Company goes beyond traditional logistics to provide
value-added services across many industries, including chemicals
manufacturing, oil and gas, coatings, personal care, healthcare,
automotive and 3D printing. The Company leverages a centralized
technology platform to identify efficiencies and create solutions
to unlock value for suppliers and customers. Learn more at
www.nexeosolutions.com.
About Evonik
Evonik Cyro LLC is part of the Performance Materials Segment of
Evonik Industries, one of the world leaders in specialty chemicals.
The focus on more specialty businesses, customer-oriented
innovative prowess and a trustful and performance-oriented
corporate culture form the heart of Evonik’s corporate strategy.
They are the lever for profitable growth and a sustained increase
in the value of the company. Evonik Industries benefits
specifically from its customer proximity and leading market
positions. Evonik Industries is active in over 100 countries around
the world with more than 36,000 employees. In fiscal 2017, the
enterprise generated sales of €14.4 billion and an operating profit
(adjusted EBITDA) of €2.36 billion.
About Performance Materials
The Performance Materials Segment is managed by Evonik
Performance Materials GmbH. The segment focuses its global
activities on developing and manufacturing polymer materials and
intermediates, especially for use in agriculture and in the rubber
and plastics industry. In 2017, the segment’s roughly 4,400
employees generated sales about €3.8 billion. Learn more about the
acrylic-based products at www.cyrolite.com.
FOR FURTHER INFORMATION PLEASE
CONTACT
Media Relations +1.281.297.0851
Media.Relations@nexeosolutions.com Investor Relations
+1.281.297.0856 Investor.Relations@nexeosolutions.com
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