3rd Jun 2015 06:49
LONDON (Alliance News) - Polymer technology company Revolymer PLC on Wednesday said it has signed a global licensing agreement with Belgian chemical company Solvay SA.
Under the terms of the deal, Solvay will have the right to apply Revolymer's encapsulation technology to the bleaching active ingredient sodium percarbonate, which Solvay has commercialised under the Oxyper dish and laundry washing brand.
No financial details were disclosed on the transaction.
"Solvay's strategy of improving product performance for its customers is closely aligned to Revolymer's own business plan, and, with Solvay's global reach, it is the ideal partner for Revolymer to commercialise its technology in the field of SPC products for liquid laundry and automatic dish wash. We are excited to have closed another significant global deal applying our proprietary technology with Solvay," said Revolymer Chief Executive Kevin Matthews.
By Sam Unsted; [email protected]; @SamUAtAlliance
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