Bain-backed Italmatch Chemicals completed the investment in FRX Polymers.

Bain Capital-backed Italmatch Chemicals, a global specialty chemical group, completed the investment in FRX Polymers, a Boston-based innovative company specialized in halogen-free polymeric flame retardant additives. Financial terms were not disclosed. The investment further strengthens Italmatch Chemicals position in the Flame Retardants business thanks to FRX innovative polymeric phosphonates technology to be used as halogen-free flame retardants in textile, Polyurethane foam and coatings, Polycarbonate blends and alloys, Copper Clad Laminates and other thermoplastics. "We are thrilled to be joining the Italmatch Chemicals Group. The transaction will unlock new technical synergies between FRX and Italmatch products which will accelerate the growth of our combined product lines. FRX will also gain access to Italmatch’s global sales network allowing it to rapidly expand its global footprint," Marc Lebel, FRX Polymers CEO.