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07-03-2019

Portfolio Extended

Gelest Acquires Bimax

Gelest, Inc., Morrisville, PA/USA, a New Mountain Capital portfolio company, will take over Bimax, a manufacturer and marketer of specialty monomers and polymers for use in the manufacture of contact lenses, intraocular lenses, personal care products, coatings and adhesives, and other technology applications.

Bimax will continue to operate under the Bimax name, and all employees will be retained in their current roles. As they increasingly look for challenging materials and innovative technology solutions, customers of Gelest and Bimax will benefit from a wider product range, greater service infrastructure and the enhanced technical capabilities of the combined company.

"The addition of Bimax is an important step in our strategic plan. Bimax strengthens our position in high-growth value-added applications, provides access to new customers and talent, and expands our production capability and R&D pipeline,” said Ken Gayer, Chief Executive Officer of Gelest.

“The two companies are very similar in terms of their driving focus on technology, end user need and growth. We see a bright future for Bimax and its customers as part of Gelest,” said Dr. Chris Sghibartz, Global Vice President of Bimax.

About Gelest

Gelest, Inc., headquartered in Morrisville, Pennsylvania, is a manufacturer, and supplier of silicones, organosilanes, and metal-organics for advanced technology end markets including medical device, life sciences, microelectronics, personal care, and other high technology end markets.

About Bimax

Bimax was founded in 1987 and is headquartered in Glen Rock, Pennsylvania. It is a developer and marketer of specialty monomers and surfactants for use in a variety of applications including contact lenses, intraocular lenses, personal care products, coatings and adhesives, and other technology applications.

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