FRX Polymers Inc. raises $12 million Series C financing

Chelmsford MA, USA: 15 January 2014 - FRX Polymers Inc announced today that it has closed its Series C financing for $12 million. The round of financing was led by Evonik Venture Capital GMBH, a wholly owned subsidiary of Evonik Industries AG. Joining Evonik are FRX’s current shareholders, Capricorn Venture Partners, DB Masdar Cleantech Fund, SAM Private Equity, BASF Venture Capital, Israel Cleantech Ventures, Triton Systems and many of the company’s founders, its Western Canadian Syndicate and its employees. The closing coincides with the opening of FRX’s first industrial scale Green flame retardant polymer plant in Antwerp, Belgium. The financial resources will be used to fund the company’s sales ramp of this new to the world plant.

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