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Formerra Acquires Total Polymer Solutions (TPS) To Expand Its Distribution Channel

Formerra is a prominent name in the North American distribution channel for engineered thermoplastic resins, additives, and other speciality polymers that acquired Total Polymer Solutions (TPS), a polymer distributor based in Dublin that serves Ireland, the United Kingdom, and more expansive Europe region.

This expansion comes as a clever move by the company to extend its market reach in the healthcare industry into the Ireland and UK region. The company's partnership and leading positions in medical device and equipment manufacturing will develop into a fruitful opportunity.

With the help of Total Polymer Solutions, Formerra will be able to gain a strong foothold in the global distribution platform for the healthcare industry whilst making use of both the company's valuable knowledge and insight about developing products, innovation, and regulatory support. The added support will offer their global healthcare clientele in the EU a streamlined supply chain management along with ready-to-go-market backing, ramping up shareholder value.

Following the acquisition, co-founders and owners at TPS, Ronan Kennedy and Eamonn Keane, will become a part of Formerra's team, working alongside them and taking the business to new heights.

Previously in 2022, Formerra also notified that it would be teaming up with Danimer Scientific (NYSE: DNMR), a next-generation bioplastics company on top of its game, for distributing Danimer's sustainable polymer materials. This partnership was carried out to support Formerra's sustainability goals.

According to the article by Procurement Resource, Formerra, the leading distributor in North America of engineered thermoplastic resins, additives, and other speciality polymers, successfully acquired Total Polymer Solutions based in Dublin to expand its market and better serve its European clientele with the help of TPS's reach in Ireland, the UK, and other regions in EU.