Formerra Becomes North American Distributor for Syensqo PVDF
ROMEOVILLE, IL / ACCESS Newswire / August 12, 2025 / Formerra, a leader in performance materials distribution, has signed an agreement with Syensqo to distribute its Solef® Polyvinylidene Fluoride (PVDF) materials in North America. The agreement expands access to this critical material known for its combination of chemical resistance and flexibility. Solef® PVDF joins a growing list of high-performance materials in Formerra's portfolio designed to advance product development and innovation.
"With this new agreement, Formerra will be able to support customers across multiple markets with the materials they need to meet demanding application requirements," said Bob Long, Business Development Manager at Formerra. "In addition, this reinforces our commitment to delivering unmatched access, application support, and advanced materials for customers navigating complex performance and regulatory challenges."
PVDF is positioned near the top of the performance pyramid for its outstanding chemical and heat resistance. Its inherent flexibility further enhances its suitability for demanding applications in chemical processing, healthcare, and automotive industries. Key properties* include:
Heat resistance: Continuous use temperatures up to 150 °C (302 °F), bursting pressures of up to 139 bar (2,017 psi) at room temperatureChemical purity: Ultra-pure water resistivity, meeting SEMI F-57 specifications for the semiconductor industryBalance of strength and flexibility: Tensile yield strength up to 55 MPa (8,000 psi) with elongation at break up to 100%
"We chose Formerra as our distribution partner for Solef® PVDF in North America because of their technical and commercial reach," said Rose Catherin, Sales Director Americas, Channel partners, Distribution and Digital Sales at Syensqo Specialty Polymers. "Their commitment to excellence and long-standing presence in critical markets make them an ideal fit to help expand the availability and use of Solef® PVDF."
*As measured by TDS
Key Details:
Formerra is an authorized distributor of Solef® PVDF from Syensqo in North America.The agreement includes support for high-performance applications across a broad spectrum of industries.PVDF offers excellent chemical resistance, thermal stability, and flexibility.Formerra provides technical guidance and supply chain expertise to support material selection and application development.
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About FormerraFormerra is a preeminent distributor of engineered materials, connecting the world's leading polymer producers with thousands of OEMs and brand owners across healthcare, consumer, industrial, and mobility markets. Powered by technical and commercial expertise, it brings a distinctive combination of portfolio depth, supply chain strength, industry knowledge, service, leading e-commerce capabilities, and ingenuity. The experienced Formerra team helps customers across multiple industries to design, select, process, and develop products in new and better ways - driving improved performance, productivity, reliability, and sustainability. To learn more, visit www.formerra.com.
Media ContactJackie MorrisMarketing Communications Manager, Formerrajackie.morris@formerra.com+1 630-972-3144
SOURCE: Formerra
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Condensed Consolidated Balance Sheets (unaudited, in thousands) December 31, 2024 Assets Current assets: Cash and cash equivalents $ 26,490 $ 8,525 Accounts receivable, net 5,571 5,087 Inventory, net 3,807 4,048 Prepaid expenses 2,216 3,009 Total current assets 38,084 20,669 Property and equipment, net 1,711 1,669 Right-of-use assets 1,103 1,210 Other assets 419 423 Total assets $ 41,317 $ 23,971 Liabilities and Stockholders' Deficit Current liabilities: Trade payables $ 1,902 $ 2,274 Accrued liabilities 7,078 7,355 Short-term lease liabilities 123 216 Other current liabilities 221 383 Total current liabilities 9,324 10,228 Long-term debt, net of unamortized discount and debt issuance costs 32,274 22,084 Revenue base redemption liability 358 507 Long-term lease liabilities 1,265 1,329 Contingent earnout liability 7,522 7,401 Warrant and SEPA liabilities 9,997 8,316 Total liabilities 60,740 49,865 Commitments and contingencies Stockholders' deficit: Preferred Stock, Convertible Series A, $0.0001 par value per share, $10.00 liquidation value per share. Authorized 10,000,000 shares at June 30, 2025 and December 31, 2024, respectively; issued and outstanding, 3,594,002 and 3,985,002 shares at June 30, 2025, and December 31, 2024, respectively. — — Common stock, $0.0001 par value per share. Authorized 400,000,000 shares at June 30, 2025 and December 31, 2024, respectively; issued and outstanding, 37,983,259 and 31,279,264 shares at June 30, 2025, and December 31, 2024, respectively. 3 3 Additional paid-in capital 278,786 253,652 Accumulated deficit (298,212 ) (279,549 ) Total stockholders' deficit (19,423 ) (25,894 ) Total liabilities and stockholders' deficit $ 41,317 $ 23,971 Expand Non-GAAP Financial Measure To supplement the financial results presented in accordance with GAAP, TriSalus has also included in this press release non-GAAP adjusted EBITDA, which excludes from net loss, income tax expense, interest expense, interest income, change in fair value of SEPA, warrant and revenue-base redemption liabilities, change in fair value of contingent earn out liability, stock-based compensation expense and depreciation. 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