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Spartanburg, South Carolina – Milliken & Company ("Millikan"), a diversified global manufacturer with more than 150 years of experience in materials science, has officially acquired Cypress Performance Materials Group ("Cypress").
Milliken President and CEO Halsey Cook said: “Promoting sustainable development requires broadening of thinking and strong cooperation
Cindy Boiter, Executive Vice President and President of Chemicals Business at Milliken added: "The uniqueness of Encapsys joining Milliken’s team is the integration of innovation, science and technology
After Encapsys is integrated into the Milliken family, its daily operations will not be affected in any way, including its relationships with existing suppliers and customers
Encapsys is headquartered in Appleton, Wisconsin and is a leader in microencapsulation technology
Mary Goggans, President of Encapsys, said: "Encapsys employees are very happy to be part of the Milliken team and welcome Milliken to Northeast Wisconsin
In this transaction, Jones Day acted as Milliken’s legal counsel, and JP Morgan Securities LLC acted as its financial advisor
Milliken is the world's leading manufacturer, focusing on materials science, aiming to use future breakthroughs to solve current problems
