TENNESSEE-headquartered Microporous, a manufacturer and supplier of high performance rubber, polyethylene (PE) and hybrid battery separators, has been completely acquired by Seven Mile Capital Partners, making Microporous a fully independent company and will compete directly with the Daramic division of its prior parent company, Polypore International, Inc. Polypore sold the business according to a divestiture order from the Federal Trade Commission.
The firm, which currently operated two plants – in Tennessee, US, and one in Feistritz, Austria, has a new Chief Executive Officer and President, Jean-Luc Koch.