Arkema has completed the acquisition of Colorado Photopolymer Solutions (CPS), a US-based provider of photopolymer formulation services.
The deal was completed earlier this month. The financial terms of the deal have not been disclosed.
CPS is a developer and marketer of value-added, formulated photopolymer resin solutions for energy curing technology, especially for three-dimensional (3D) printing markets.
Its formulation and materials design expertise, supported by ‘strong innovation capabilities’, will enable photocure resins and photoinitiators leader Sartomer to further support its customer base and other partners.
According to Arkema, the acquisition aligns with its strategy of becoming a pure speciality materials player by the year 2024.
“The project will foster the development of an integrated offering of customised and formulated additive manufacturing solutions to accelerate the design of turnkey solutions for the 3D printing market,” Arkema said in a press statement.
“The deal would complement Sartomer’s expertise, as well as resin solutions,” it added.