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BASF Invests in Plastics Firm
1:22 PM MDT | April 3, 2012 | Vincent Valk
BASF’s venture capital arm has invested $2.7 million in FRX Polymers, a maker of flame-retardant plastics. The investment was a part of a $26.7 million Series B funding round which was led by DB Masdar Fund and BASF. FRX announced in June 2011 raised $15.7 million in the series B round, but kept it open due to investor interest, the company says. FRX is currently commercializing its line of polyphosphonate homopolymers, copolymers and oligomers for flame retardation applications. The products are aimed at the building and construction, transportation...
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