Evonik sells polyimide foams operation to Boyd

Evonik sells polyimide foams operation to Boyd
By PRW Staff
Posted 29 July 2014
US-based Boyd, a manufacturers of speciality material and sealing agents, has purchased Evonik Industries’ Solimide low-density polyimide foams business.

“Acquiring Evonik’s Solimide foam business represents a unique opportunity for our company to obtain a high-performing technology that positions us to realise significant growth within key commercial aerospace, defence and building infrastructure segments,” said Mitch Aiello, Boyd’s president and chief executive.

“By applying Boyd’s specialty material and energy management application expertise, leveraging our sales and distribution channels and our world-class supply chain, Solimide foams will help us better serve our rapidly expanding customer base.”

Originally designed by NASA, Solimide is the dominant foam for the defence industry as well as for mission-critical insulation applications in both the wide-body and regional aircraft markets.

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