Poliya Acquires Cam Elyaf Resins Business Unit

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Poliya acquiring Cam Elyaf Resins provides one of the biggest resin production capacities in the composites industry.

Poliya today announced that it has completed the acquisition of the Cam Elyaf resins, creating a dynamic synergy in the composite resins industry.

With this acquisition, Poliya has one of the composite resins industry’s broadest ranges of products yielding 65,000 tons per year; the largest capacity in the EMEA region. The new business group will be the market’s leading bulk resin provider - with the ability to serve pipeline, wind energy and the transportation sectors among others.

"This is a historic day for Poliya and the clients we serve", said Buelent Oeztuna, Poliya’s lead M&A officer and board member. "With this transformation, we are now a global force, with the capability to serve our clients – whatever their size, location or sector – with one of the most comprehensive and competitive portfolios in the industry."

"Today marks the beginning of an exciting new era," said Oeztuna "Clients will benefit from the scales of economy, low costs, a commitment to unsurpassed quality and our ability to provide world-class service. With the resources of Poliya’s renowned R&D and Cam Elyaf Resin’s production line, we have an opportunity to truly redefine the composites market."

About Poliya:
Poliya Composite Resins and Polymers, Inc. (Poliya) was founded in 1983 and specializes in developing and manufacturing polymers and composite resins. The company is a member of European Chemical Industry Council (CEFIC) and Turkish Chemical Manufacturer’s Association (TKSD). The company is headquartered in Istanbul, Turkey, with offices in Germany, manufacturing facilities in both Europe and Asia and serves 23 countries throughout the world.

In 2011, Poliya is the third largest composite resin manufacturer in Europe and the first in Eastern Europe. The company is best known for its flagship, high performance gel coat series, Polijel. The company also manufactures UPE- polyester resins, vinyl ester resins, pigment color pastes, solid surface chips, adhesives, bonding pastes, mold release agents and waxes.

To learn more about Poliya, please visit http://www.poliya.net

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Buelent Oeztuna
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