FRX Polymers Garners $15,700,000 Series B Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3bf49c99-f46f-4d5c-a015-a911c2b0a23b&Preview=1
Date
6/7/2011
Company Name
FRX Polymers
Mailing Address
200 Turnpike Road Chelmsford, MA 01824
Company Description
Welcome to FRX Polymers (FRX), the clear choice for Flame Retardancy. Our polymers are fully transparent, high flowing and due to their high phosphorus content, are inherently non-burning. FRX Polymers is developing Homopolymers and Copolymers for intended use as both Polymeric Flame Retarding Additives and as Specialty Polymers. We welcome you to our website and to our exciting new polymer products.
Website
http://www.frxpolymers.com
Transaction Type
Venture Equity
Transaction Amount
$15,700,000
Transaction Round
Series B
Proceeds Purposes
The funds will be used for working capital and to partially fund FRX’s first commercial scale production facility. FRX’s new plant is being built to fulfill significant customer demand for the Company’s novel flame retardant polymers.
M&A Terms
Venture Investor
SAM Private Equity
Venture Investor
Israel Cleantech Ventures
Venture Investor
Undisclosed