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Leads $12 million Series C financing round
January 16, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Evonik Industries has led a $12 million Series C financing round in FRX Polymers Inc., Chelmsford, MA. Its corporate venture capital fund, Evonik Venture Capital GmbH, invested $2.5 million in the round. FRX is the manufacturer and marketer of a new, environmentally friendly family of inherently flame retardant plastics and oligomers, trade named Nofia. The closing coincided with the opening of FRX’s first industrial scale flame retardant polymer plant in Antwerp, Belgium. Nofia products are...
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