NEWS HeiQ buys antimicrobial IP firm


UK-listed antimicrobial technologies company HeiQ has acquired Tarn-Pure Holdings, a UK based intellectual property company that holds what it describes as “critical EU and UK regulatory registrations” to sell elemental copper and elemental silver for use in hygiene applications. “The HeiQ group has an impressive


Above: HeiQ has extended its antimicro- bial options


product range of antimicrobials. The acquisition of Tarn-Pure’s regulatory asset strengthens HeiQ’s ability to offer the market access to Europe and the UK for products containing antimicrobial copper and silver,” said HeiQ EVP Tom Ellefsen. In a statement to the London Stock


Coperion’s parent exits legacy casket business


US-based Hillenbrand, which owns Coperion and Milacron, has exited the funeral goods sector with the announcement of the $760m sale of its legacy Batesville casket business to LongRange Capital. The move completes a


transformation to a pure- play industrial company, according to Kim Ryan, President and Chief Execu- tive Officer of Hillen- brand. “[It] allows Hillen- brand to concentrate our


investments into our APS [Advanced Processing Solutions] and MTS [Mold Technology Solutions] segments, where we see strong growth potential,” she said. Batesville is a leading player in the US funerary goods sector and had been owned by the Hillenbrand family since 1906. Last year it accounted for around 22% of Hillenbrand’s annual $2.9bn revenues. Hillenbrand has been


following a strategy of acquiring key players in the process engineering sector in recent years. It bought the plastics compounding and materials handling specialist Coperion in 2012, followed by Milacron in 2019. Last year saw it add plastics recycling systems maker Herbold Meckesheim, and food processing and plant automation specialists Peerless Food Equipment and Linxis Group. �www.hillenbrand.com


Exchange, the company said EU regulatory changes last year will see a number of high-volume organic and inorganic biocides phased out. It said the favourable risk assessments of elemental copper and silver position them to replace these products. “I expect our sales in silver and copper technologies to significantly grow in 2023 thanks to now one of the strongest regulatory portfolios in the market,” Ellefsen said. HeiQ is to pay around £850,000 for


the Tarn-Pure business, which generated sales of around $400,000 in 2022, mostly derived from royalties. �www.heiq.com


EU project sees TPEs in waste


Spanish technical institute Aimplas is part of a multi-partner EU research project to develop additive-free TPEs from recycled waste. The RePurpose project aims to develop building blocks derived from biomass or enzymatically degraded polyolefins, PET or paper waste for produc- tion of circular specialty TPE grades. �www.aimplas.net


Avient’s distribution division goes to HIG


Investment firm HIG has completed its $950m acquisition of Avient Corpora- tion’s distribution business, agreed back in August last year, which will now operate as a standalone entity under the new Formerra name. “HIG’s partnership begins an


exciting new chapter for the company 8 COMPOUNDING WORLD | January 2023


as it is poised to accelerate growth as an independent business,” said Formerra CEO Cathy Dodd. “We look forward to continuing to invest in value-added solutions, technical support capabilities, commercial sales, and the digital platform to drive further value for Formerra’s existing and future


stakeholders.” Formerra distributes polymers and compounds to customers in North and Central America, including Mexico, and in South East Asia and China. It generated sales of around £1.6bn in 2021. �www.formerra.com


www.compoundingworld.com


IMAGE: HEIQ/LIFE MATERIALS


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