Former US Secretary of State Mike Pompeo joins ACG Metals board
Pompeo joins ACG as part of a strategic partnership the firm has signed with Impact Investments LLC, where he is executive chairman.
(via TheNewswire)
The company, a leader in sustainable flame-retardant polymers under the Nofia® brand, will operate as Nofia Solutions BV, headquartered in Antwerp, Belgium
Patrick Muezers will become CEO of Nofia Solutions succeeding Marc A. Lebel
Secured funding to meet the strongly growing demand for halogen- and PFAS-free flame-retardant solutions
Partnership with LANXESS to distribute Nofia® branded flame retardants
ANTWERP, Belgium, 29 January 2025 – TheNewswire – Nofia Solutions BV is pleased to announce that on 23 January 2025 it completed the acquisition of FRX Polymers, Inc. from FRX Innovations, Inc. (TSXV: FRXI).
FRX Polymers develops, manufactures and markets the patented Nofia® branded family of flame-retardant polymers. Its proprietary technology – free of halogen, PFAS, TPP and melamine – is the solution of choice to respond to regulatory and consumer pressure to substitute brominated and PFAS flame retardants found in a wide range of applications in consumer electronics, automotive, construction, textiles and printed circuit boards.
The company will be operating as Nofia Solutions BV, headquartered near its production site in the port of Antwerp, Belgium.
Patrick Muezers will be appointed CEO of Nofia Solutions BV, succeeding Marc A. Lebel, the founding CEO of FRX Polymers who will assume an advisory role. Patrick was previously CEO of Polyscope Polymers, a global leader in specialty additives for coatings, electronics and engineering polymers, leading the business to a successful sale.
“Following the acquisition the company is now in a financial position to fully capture the potential of the Nofia® technology. We are very pleased to have Patrick Muezers lead the company into its next stage, building on the pioneering work of Marc Lebel to whom we want
to express our gratitude and appreciation”, said Bartosz Kurkowski, Chairman of Nofia Solutions.
Nofia Solutions attracted investment from a group of investment professionals experienced in the Chemicals industry with a sustainability driven investment focus. The funds will be used to provide the necessary working capital for Nofia Solutions to meet the strongly growing demand in its core market of flame-retardant PET and to accelerate its adoption in the highly attractive Polycarbonate, TPU, textile coatings and epoxy industries.
Patrick Muezers, designated CEO, said “Nofia Solutions has the best technology in the market to make flame retardant materials safe for consumers and sustainable for the environment. We will focus all resources on seamless execution for our existing customers and suppliers as well as to deliver on new applications. The partnership with LANXESS is a key building block of our strategy.”
Nofia Solutions will co-operate with LANXESS, one of the world’s leading producers of flame retardants, under a distribution agreement announced on 21 January 2025. LANXESS will use its global sales, marketing and technical teams to promote Nofia® flame retardants to key customers in certain engineering polymers, printed circuit boards as well as demanding textile coating applications.
Contact Information:
Nofia Solutions BV
Patrick Muezers, CEO
Bartosz Kurkowski, Chairman [email protected]
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