Milliken & Company Acquires Encapsys, LLC
Spartanburg, S.C.Ââ€“ Milliken & Company (â€śMillikenâ€ť), a global diversified manufacturer with more than a century and a half of materials science expertise, has formally acquired Encapsys, LLC (â€śEncapsysâ€ť), a world leader in microencapsulation, from the Cypress Performance Group LLC (â€śCypressâ€ť). The transaction officially closed October 18, 2021.
â€śMoving the needle on sustainability requires big thinking and powerful collaborations. Weâ€™re thrilled to welcome Encapsys to Milliken,â€ť said Halsey Cook, president and CEO for Milliken & Company. â€śEncapsysâ€™s expertise coupled with our ability to scale will propel our efforts to deliver sustainable innovations for our customers.”
â€śEncapsys brings a unique combination of innovation, science and technology to the Milliken team,â€ť adds Cindy Boiter, executive vice president and president of Millikenâ€™s Chemical Business. â€śEnhancing our portfolio of specialty chemicals with global reach, this acquisition will accelerate sustainable solutions for the markets and customers we serve.â€ť
As Encapsys integrates into Milliken, daily operations will continue without interruption, including relationships with existing suppliers and customers.
Headquartered in Appleton, Wisconsin, Encapsys is a leader in microencapsulation technologies, which put a uniform polymeric shell around a core material at the micron level to create capsules. Microencapsulation has applications across industries and helps companies achieve more sustainable products by advancing responsible consumption and efficient delivery of active materials.
â€śEncapsys associates are excited to become a member of the Milliken team and welcome a world-class organization to Northeast Wisconsin,â€ť stated Mary Goggans, president of Encapsys. â€śOur culture and values are a perfect fit, and we look forward to leveraging Millikenâ€™s global capabilities to accelerate innovation and growth.â€ť
Milliken was represented by legal advisor Jones Day and financial advisor J.P. Morgan Securities LLC. BofA Securities, Inc. and Credit Suisse Securities (USA) LLC acted as financial advisors, and Morgan, Lewis & Bockius LLP acted as legal advisor to Encapsys.