The sale, for undisclosed terms, is one of the last steps for Omnexus as it winds down operations. The firm discontinued its transaction platform Nov. 28 and plans to lay off its remaining seven or eight employees by the end of the year, Chief Operating Officer Michael Walsh told BtoB sister publication Plastics News.
Omnexus had about 45 workers, primarily in Zurich, Switzerland, and Atlanta, before deciding to close late last month. SpecialChem does not plan on hiring any Omnexus employees, although the company will continue Omnexusâ news service and Web seminars, said SpecialChem founder and Chief Operating Officer Christophe Cabarry, in a telephone interview from Paris.
Omnexus also sold its material data and applications center Friday to M-Base Engineering + Software GmbH of Aachen, Germany. The company plans to integrate Omnexusâ materials database with its own sources to provide information on more than 8,000 grades of resin.
SpecialChem will continue the Omnexus name for its news service--adding the verbiage âPowered by SpecialChem"--and will run the service internally from Paris, Cabarry said. The transition will start Monday.
The independently funded French company offers technical resources and a materials database to specialized segments of the plastics and chemicals industry. It launched in 2000 by offering information for the polymer additives and coatings market and since has added information for both the adhesives and sealants sector and in paints, coatings and inks.