Thursday, January 24, 2019

Structured Polymers Acquired By Evonik, Will Remain In Austin

Austin-based Structured Polymers, a supplier of 3D printing materials, has been acquired by German company Evonik, Evonik said last week. Financial details of the acquisition were not announced. According to Evonik, the deal wil provide its access to patented technology, and allow it to expand its portfolio of specialty polymer powders in the additive manufacturing market. Structured Polymers' flagship product was True Black, a black Selective Laser Sintering (SLS) material being used to create dark, black high resolution 3D printed parts. Evonik said that Structured Polymers' company headquarters will remain in Austin. Structured Polymers had been led by CEO Vikram Devarajan. Evonik already was an investor in Structured Polymers.