Asbury Carbons, Inc. announced it has acquired Garmor, Inc., an advanced materials company based in Orlando, FL with a patented, environmentally friendly process for the commercial production of Edge Functionalized Graphene (EFG).
In line with its strategy of growth through diversification, the acquisition of Garmor, Inc. will enhance Asbury’s portfolio of engineered material solutions for adhesives, asphalt, cement, coatings, as well as plastic and metal-matrix composites.
“From our first interactions with the team from Asbury, we knew that we had found a partner that had a passion around innovation and a shared vision around the potential of graphene and industrial applications,” Anastasia Canavan, president and CEO of Garmor, Inc., said.
“Garmor has several large scale industrial customers with graphene-enhanced products already on the market and a substantial developing pipeline in CASE, plastics and ceramics on the immediate horizon,” added Jeff Bullington, chief technical officer of Garmor, Inc. “Asbury’s considerable expertise as a supplier into these markets greatly enables Garmor’s ability to effectively scale production to exploit these and other opportunities.”
“This exciting acquisition further enhances Asbury’s engineered solutions portfolio, and places us directly on the cutting edge of emerging carbon-based material technologies,” said Noah Nichelson, president of Asbury Carbons. “We look forward to bringing the technology that the fantastic Garmor team has developed to full-scale commercialization at our Lumberton, NC site.”
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