In January 2023, Fluorotherm Polymers Inc., a US-based manufacturer of high-performance fluoropolymer tubing and related products, acquired Rhem Plastics for an undisclosed amount. Through this acquisition, Fluorotherm aims to expand its fabricated tubing product capacity, including shaped tubing and retractable coils, to better serve high-purity fluid-handling applications. Rhem Plastics is a US-based company that provides plastic and fabricated tubing components for fluid-handling systems.