FRX Polymers, a Chelmsford MA-based manufacturer and marketer of an environmentally friendly family of inherently flame retardant plastics and oligomers, closed an $8m Series C-2 financing.
This financing, which added to the $12m Series C-1 financing completed in December 2013 (read here) and brought the total Series C round to $20MM, also coincided with the opening of FRX’s first industrial scale Green flame retardant polymer plant in Antwerp Belgium.
The company intends to use the capital to expand its sales efforts.
Founded in 2007 and led by Marc Lebel, President and CEO, FRX Polymers manufactures and markets an environmentally friendly family of inherently flame retardant plastics and oligomers, trade named Nofia®.
The products are being sold in consumer electronics, building and construction, and transportation markets, as polymeric flame retardant additives, flame retardant engineering plastics, and as reactive flame retardant additives for thermosetting resins.
The company operates two pilot plants in Chelmsford MA, and through its subsidiary, FRX Polymers (Europe) NV a full scale plant in Antwerp Belgium.
30/03/2012: FRX Polymers Closes $26.7M Series B Financing
07/06/2011: FRX Polymers Closes $15.7M Series B Financing Round