Milliken & Company acquires Encapsys

Milliken & Company (Milliken), a diversified global manufacturer with more than 150 years of experience in materials science, has officially acquired Encapsys LLC, a global leader in microcapsules from Cypress Performance Materials Group (Cypress).
(Encapsys)
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The transaction was officially completed on October 18, 2021
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Halsey Cook, Milliken's president and CEO, said: "Advancing sustainability requires broad thinking and strong collaboration
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We are very pleased to have Encapsys onboard with Milliken
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The combination of Encapsys' expertise and our business development capabilities will bring More sustainable innovations for our customers
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Cindy Boiter, executive vice president and president of Milliken's chemical business, added: "The addition of Encapsys to the Milliken team is a unique combination of innovation, science and technology
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This acquisition strengthens our unique global footprint.
A portfolio of chemicals that help deliver more timely sustainable solutions to the markets and customers we serve
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Once Encapsys is integrated into the Milliken family, its day-to-day operations, including relationships with existing suppliers and customers, will not be affected
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Headquartered in Appleton, Wisconsin, Encapsys is a leader in microencapsulation technology
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This technique utilizes a uniform polymer shell around the core material at the micron level to form a capsule
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Microcapsules have a wide range of applications in various industries and can help companies improve the sustainability of their products by promoting the effective absorption and accurate delivery of active ingredients
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"Encapsys employees are excited to be part of the Milliken team and welcome Milliken to Northeast Wisconsin," said Mary Goggans, president of Encapsys.
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Our cultures and values ​​are a great fit, and we look forward to building on Milliken's Global business development capabilities to accelerate innovation and growth
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Jones Day is serving as legal counsel to Milliken and JP Morgan Securities LLC is serving as financial advisor in this transaction
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Encapsys' financial advisors are BofA Securities, Inc.
and Credit Suisse Securities (USA) LLC, and its legal advisors are Morgan, Lewis & Bockius LLP)
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