Nocopi Technologies Expands Operations

Nocopi Technologies, Inc., a developer of specialty reactive inks, announced a significant expansion of its operational footprint with the acquisition of all the assets of Polymeric US, Inc. 

Additionally, Nocopi Technologies appointed Gregory S. Babe to the role of Executive Director of Operations to oversee the combined organization’s operating activities.

About the Acquisition

Headquartered in Kansas City, Missouri, Polymeric was founded in 1993 by chemists and colorists and has spent over three decades developing and manufacturing specialty inks and customized coatings.

The purchase price of the acquisition was $2.65 million, which consisted of $1.75 million paid in cash at closing, $0.75 million paid in equity of the Company, and the remaining $0.15 million reserved by Nocopt as a customary holdback. 

The equity portion of the purchase price was satisfied by the issuance of 500,000 shares at an agreed price of $1.50 per share.

Nocopi Technologies expects the acquisition to be accretive to its earnings within the year.

Polymeric brings a differentiated set of formulation technologies, new industry segments, and geographic diversity to Nocopi’s existing operations. 

The acquisition is also expected to provide Nocopi with additional production capacity to fulfill customer orders from a Midwest geographic location.

Following the acquisition, Polymeric will continue to operate under the Polymeric brand out of its 25,000 square-foot facility. 

The team includes nearly 20 dedicated professionals led by Dr. Deverakonda Sarma, who has over three decades of formulation and leadership management experience.

Introducing Gregory S. Babe

Babe brings over 40 years of leadership experience within global industrial conglomerates. 

His career is defined by an ability to scale industrial technology companies, most notably as the former Chief Executive Officer of Bayer Corporation, where he oversaw all North American activities of the worldwide Bayer Group. 

Babe also served as Chief Technology Officer of Matthews International, where he led large-scale organizational integrations during high-growth phases.