Strategic Move Provides Customers Easier Access To Plastics For Medical Devices
PARSIPPANY, N.J., September 13, 2013 – Evonik Corporation's High Performance Polymers Business Line today announced a distribution agreement with chemicals, plastics and composites distributor Nexeo Solutions for VESTAMID®, VESTAMID® Care, TROGAMID® and TROGAMID® Care product lines used in medical device applications.
"We are very excited about this alliance with Nexeo Solutions," said Sabine Fleming, business development manager of Evonik Corporation's High Performance Polymers Business Line. "Nexeo Solutions has a dedicated healthcare team with significant expertise in the distribution of plastics and chemicals used for medical devices. This alliance will offer Evonik Corporation broader medical market exposure and our customers more supply chain flexibility for our specialty high performance polymers. Our customers will benefit from Nexeo Solution's excellent distribution service and market presence."
Evonik Corporation's VESTAMID® and TROGAMID® are specialty polymers characterized by excellent chemical resistance, biocompatibility, durability, and have a long and successful history in medical device applications including catheters and catheter tubing, stopcocks, dental accessories, valves, and intravenous (IV) accessories.
"Healthcare is an important focus market for Nexeo Solutions," said Jim Harris, vice president of product line management at Nexeo Solutions. "We are thrilled with this new partnership with Evonik as it will uniquely complement our world-class product offering of engineering materials for this key segment."
For additional information about Evonik in North America, please visit our website: https://corporate.evonik.us/region/north_america/en/
About Nexeo Solutions
Nexeo Solutions is the largest global chemical, plastics and composites distributor and environmental services with a centralized business model. The company provides broad logistics capabilities, in-depth market knowledge and dedicated technical expertise. As a private company employing more than 2300 employees with operations across North America, Europe and Asia, Nexeo Solutions is a leading distributor of chemicals, plastics, composites and environmental services. Learn more at www.nexeosolutions.com.
Evonik, the creative industrial group from Germany, is one of the world leaders
in specialty chemicals. Profitable growth and a sustained increase in the value of the company form the heart of Evonik's corporate strategy. Its activities focus on the key megatrends health, nutrition, resource efficiency and globalization. Evonik benefits specifically from its innovative prowess and integrated technology platforms.
Evonik is active in over 100 countries around the world. In fiscal 2012 more than 33,000 employees generated sales of around €13.4 billion and an operating profit (adjusted EBITDA) of about €2.4 billion (excluding Real Estate in both cases).
In so far as forecasts or expectations are expressed in this press release or where our statements concern the future, these forecasts, expectations or statements may involve known or unknown risks and uncertainties. Actual results or developments may vary, depending on changes in the operating environment. Neither Evonik Industries AG nor its group companies assume an obligation to update the forecasts, expectations or statements contained in this release