Croda acquires technology company IonPhasE

Croda International Plc announced that it has acquired IonPhasE, a manufacturer of static electricity protection products with headquarters in Tampere, Finland. IonPhasE offers a range of static dissipative polymer additives that are said to help prevent damage to electrical components, increase the safety of chemical and food packaging, and improve the long term appearance of consumer appliances. Focused on electrostatic discharge protection (ESD) and inherently dissipative polymers (IDPs), the additives use technologies which work to release static electricity in a controlled way. Financial details of the transaction were not disclosed.