Milliken Completes Acquisition of Encapsys
US chemical producer Milliken has completed the acquisition of compatriot Encapsys from the Cypress Performance Group (CPG), a holding company formed by Sherman Capital Holdings in the merger of Encapsys with IPS Corporation.
Milliken’s management said the acquisition brings a unique combination of innovation, science and technology to the South Carolina-headquartered company. Coupled with Milliken’s ability to scale, the deal is expected to “propel efforts to deliver sustainable innovations.”
Appleton, Wisconsin-based Encapsys is regarded as a leading player in microencapsulation technologies, which put a uniform polymeric shell around a core material at the micron level to create capsules. These are leveraged by companies to achieve more sustainable products by advancing responsible consumption and efficient delivery of active materials, as Milliken explained.
As Encapsys is integrated into Milliken, the companies said daily operations will continue without interruption, including relationships with existing suppliers and customers.
Author: Dede Williams, Freelance Journalist
