FRX Polymers Inc. Secures AU $15.15 Million in Pre-IPO Mezzanine Exchangeable Notes

October 4, 2017

CHELMSFORD, Mass.–(BUSINESS WIRE)–FRX Polymers Inc., the global leader in polymeric halogen-free flame
retardant solutions, announced today that it has secured AU $15.15
million (approximately US $12 million) in pre-IPO mezzanine financing
led by a major Chinese Private Equity Fund. Other parties participating
in the financing were Brightfield Chemical, an FRX Polymers distributor
based in China, and several prominent private equity and hedge funds and
family offices located in Australia, Hong Kong, and Southeast Asia.

The new round of investment will support FRX’s working capital needs
including business growth in Asia and also fund the start of FRX’s
Antwerp, Belgium plant expansion project. “We are delighted to have
completed our pre-IPO mezzanine financing and welcome our new investors
to FRX,” said Ross Haghighat, Chairman of FRX Polymers. “This pre-IPO
funding significantly broadens the company’s investor base as it
positions FRX for an initial public offering in the Australasian region
planned for the second quarter 2018.”

China is the fastest-growing region for flame retardant plastics and FRX
Polymers is uniquely positioned to expand its penetration and grow the
market for its breakthrough products, according to Marc-Andre Lebel,
President and CEO of FRX Polymers “We have developed a game-changing,
unique product line of sustainable polymeric additives to address the
global need for halogen-free flame retardant plastics.” Lebel added that
the funds will be used to expand the organization globally with a strong
focus in Asia as well as support plans to double production capacity in
Belgium.

FRX Polymers is the developer and producer of a new, environmentally
friendly family of sustainable inherently flame retardant plastics and
oligomers, trade named Nofia®. The company is in the
high-growth phase of commercializing its unique family of
polyphosphonate homopolymers, copolymers, and oligomers.

About FRX Polymers FRX Polymers, Inc. is the global leader in
halogen-free polymeric flame retardant solutions, marketed under the
Nofia® brand name. Nofia polymers and oligomers are
inherently transparent, high flowing, and due to their high phosphorus
content, are inherently flame retardant. These environmentally friendly
FR solutions are targeted for electronics, textiles, building and
construction, and transportation applications. Founded in 2007, FRX
Polymers operates a pilot plant at its headquarters in Chelmsford, Mass.
and a full-scale commercial plant in Antwerp, Belgium. For more
information, visit http://www.frxpolymers.com/.

Contacts

J. Grande Communications Inc.
Joseph Grande, 413-684-2463
[email protected]

echo '
';