TAGS: Sustainability / Natural Solutions
Milliken & Company has formally acquired Encapsys. The transaction officially closed October 18, 2021. Headquartered in Appleton, Wisconsin, Encapsys put a uniform polymeric shell around a core material at the micron level to create capsules.
Collaboration to Achieve Sustainability
“
Moving the needle on sustainability requires big thinking and powerful collaborations. We’re thrilled to welcome Encapsys to Milliken,” said Halsey Cook, president and CEO for Milliken & Company. “
Encapsys’s expertise coupled with our ability to scale will propel our efforts to deliver sustainable innovations for our customers."
“E
ncapsys brings a unique combination of innovation, science and technology to the Milliken team,” adds Cindy Boiter, executive vice president and president of Milliken’s chemical business. “E
nhancing our portfolio of specialty chemicals with global reach, this acquisition will accelerate sustainable solutions for the markets and customers we serve.”
Uninterrupted Daily Operations
As Encapsys integrates into Milliken, daily operations would continue without interruption, including relationships with existing suppliers and customers.
“
Encapsys associates are excited to become a member of the Milliken team and welcome a world-class organization to Northeast Wisconsin,” stated Mary Goggans, president of Encapsys. “
Our culture and values are a perfect fit, and we look forward to leveraging Milliken’s global capabilities to accelerate innovation and growth.”
Milliken was represented by legal advisor Jones Day and financial advisor J.P. Morgan Securities LLC. BofA Securities, Inc. and Credit Suisse Securities (USA) LLC acted as financial advisors, and Morgan, Lewis & Bockius LLP acted as legal advisor to Encapsys.
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Source: Milliken