Gelest Acquires Bimax
July 1, 2019
Gelest, Inc. has announced that it has acquired Bimax. “The addition of Bimax is an important step in our strategic plan. Bimax strengthens our position in high-growth value-added applications, provides access to new customers and talent, and expands our production capability and R&D pipeline,” said Ken Gayer, chief executive officer of Gelest.
Gelest stated that Bimax has a long track record of growth built over decades of developing products based on specific and unique customer needs and that it fits with Gelest’s corporate culture and philosophy of enabling customers’ technology.
“We are extremely pleased with the opportunity to join Gelest. The two companies are very similar in terms of their driving focus on technology, end user need and growth. We see a bright future for Bimax and its customers as part of Gelest,” said Dr. Chris Sghibartz, global vice president of Bimax.
Bimax reported that it will continue to operate under the Bimax name, and all employees will be retained in their current roles.