24Haymarket lead a £2m investment round in Interface Polymers

Interface Polymers today announced that it has closed a £2m investment round ledby private capital investment group 24Haymarket.

The company’s unique Polarfin® copolymer additive technology modifies the surfaceproperties of the world’s most commonly used plastics enabling adhesion betweenotherwise incompatible materials.

With strong interest from overseas customers in the packaging, construction andrecycling sectors, the nascent business is initially focusing on its range ofpolyethylene-based additives for use in combination with polar polymers such aspolyethylene terephthalate (PET), polyvinylacetate (PVA) and polystyrene (PS).Examples of end-use applications under development include elimination of tielayersin multi-layer packaging, improving paint adhesion and enabling the recyclingof mixed plastic waste.

Commenting on the investment, Phil Smith Chief Executive Officer at InterfacePolymers said “We are delighted to have 24 Haymarket and their investors on board.We have a fast-growing queue of customers waiting to trial our Polarfin® additives sothis funding will enable us to scale up production and further develop our valuepropositions across a diverse range of exciting applications”.

Jean-Lou Rihon at 24Haymarket said: “This is a first-class management team thatwe are backing, with in-depth knowledge and outstanding track record in chemicalsand other relevant sectors. With the help of the non-executive directors the businessshould advance relatively quickly into becoming a provider of high performanceadditives to targeted industries.”