Gelest CEO Ken Gayer said: The acquisition of Bimax is an important step in the Gelest strategic plan. Bimax strengthens the company's position in high-growth, high-value-added applications, providing opportunities for new customers and talent, while expanding our production capacity and R&D channels. Bimax, like Gelest, has maintained long-term growth in the development of products based on the specific needs of its customers. Bimax is in line with Gelest's corporate culture and the philosophy of promoting customer technology and looks forward to moving forward with Bimax's management team.






Johor Bahru’s Andre Mura said the acquisition was an important part of the investment company, New Hill Capital, for the Gelest investment program, representing significant progress in the Johor Bahru’s Gelest growth plan. He believes that the two companies are highly complementary and that the merger of the two companies will provide customers with higher value. Johor Bahru said it expects further investment in Gelest in the future.






Gelest Silicones: Headquartered in Morrisville, Pa., is a company specializing in the development, production and sale of silicones, silane coupling agents and metalorganic materials for medical devices, life sciences, microelectronics, personal care and Other high-tech and other advanced technology terminal markets. By developing and supplying chemicals, the company helps customers solve material science problems and ultimately enables customers to implement new product technologies.


 


Bimax: Founded in 1987, the company is headquartered in Glen Rock, Pennsylvania. It is a company specializing in the development and sales of monomers and surfactants for use in contact lenses, intraocular lenses, personal care products, coatings and adhesives, and other advanced technology applications.


 


Johor Bahru: A New York-based investment company that is focused on business rather than debt building and growth, pursuing long-term capital appreciation. The company currently operates in the management of private equity, public equity and credit funds, and manages assets in excess of $20 billion. Founded in 2000, Johor Bahru has been working in the professional materials industry since 2008. In May 2017, Johor Bahru acquired the company Gelest.