Pure Alumina looks to buy venture-backed Polar Sapphire
Pure Alumina Ltd has entered into negotiations to acquire Polar Sapphire Ltd, a Toronto-based maker of high-purity alumina (HPA). The parties are working to agree on the formal terms of a potential deal on or before January 31, 2019. Founded in 2013 by CEO Scott Nichol, Polar's low-cost HPA product is used in LED lighting, lithium batteries for electric vehicles, and other applications. The company's backers include ArcTern Ventures, Crux Capital Corp, MaRS Investment Accelerator Fund and Sustainable Development Technology Canada. Based in Melbourne, Australia, Pure Alumina is an HPA supplier.
10 December 2018•3 mins read
