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Evonik invests in FRX Polymers

5:06 AM MST | January 16, 2014 | Deepti Ramesh

Evonik Industries says it has led a $12-million Series C financing round in FRX Polymers (Chelmsford, MA). Evonik says that it Evonik Venture Capital subsidiary invested $2.5 million in the round. FRX is the manufacturer and marketer of a new, environmentally-friendly family of inherently flame retardant plastics and oligomers, sold under the trade named Nofia. Nofia products are a family of halogen-free, phosphorus-containing oligomers and polymers that are inherently flame retardant; FRX’s products have applications in consumer electronic, building and...

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