We are pleased to announce you that the German company CITO has bought 50% of the shares of PolyMX.
Last years, PolyMX is, partly thanks to the product Polytop MX®, grown into an international company. PolyMX has always been a family owned company and with this (small) team, we have introduced and marketed products to be proud of. However, the core of PolyMX has always been to develop and produce polyurethane products. The knowledge and experience regarding the production of high quality products is where the power of PolyMX is situated.
CITO, on the other hand, is a company with a worldwide sales network and many years of experience in the die cutting industry. This offers us the opportunity to strengthen our sales-force and at the same time, focus again at doing wherever we are good at: improve and introduce products which provide added value to the die cutting industry.
PolyMX will soon expand the production capacity to be able to upscale the sales. Besides, in close cooperation with the R&D department of CITO, we will focus at the implementation of product improvements and develop new products that will optimise the die cutting process. The coming period will be used to find out if more synergy effects can be realised for our customers as a result of this cooperation.
