Please wait.'

Page is loading'


Home  > Markets & companies  > Raw materials market  > Bayer MaterialScience to sell polyester re...

Wednesday, 18 September 2019
pdf
Markets & companies, Raw materials market

Bayer MaterialScience to sell polyester resins businesses

Thursday, 2 May 2013

Bayer MaterialScience LLC has agreed to sell its global powder polyester resins business and its U.S.-based liquid polyester resins merchant business to Stepan Company of Northfield, Illinois.

The sale of Bayer MaterialScience’s polyester resins businesses is scheduled to be completed by 1 June 2013. Source: MS ClipArt

The sale of Bayer MaterialScience’s polyester resins businesses is scheduled to be completed by 1 June 2013. Source: MS ClipArt

"The divestiture allows us to focus on our core competencies,” explained Daniel Meyer, head of the Coatings, Adhesives, Specialties business unit at Bayer MaterialScience AG. The sale is scheduled to be completed by 1 June 2013. The U.S. powder and liquid polyester resins businesses are both located in Columbus, Georgia. The 45 Bayer employees who work at the Columbus facility will be offered the opportunity to become Stepan employees.

The chemicals producer will retain its trade name "Desmophen” to continue to sell its diverse portfolio of products to the coatings, adhesives, sealants and elastomers industries around the world, including liquid polyester resins in markets outside the United States. Powder polyester resins are used in a variety of coatings applications, including industrial metal and transportation coatings. Liquid polyester resins are utilized as building blocks in various coatings and adhesives.

top of page
Comments (0)
Add Comment

Post comment

You are not logged in

register