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LUDWIGSHAFEN (BASF) -- BASF yesterday announced that it has signed a
definitive agreement to sell its hydrophilic melt additives business to Techmer
PM, LLC, a manufacturer of colors and additives for the plastics and fiber
industries located in Clinton, Tennessee, USA. The hydrophilic melt additives
are currently marketed under the brand name Irgasurf HL. Both companies have
agreed not to disclose financial details of the transaction.
“In the course of the integration of the former Ciba Plastic Additives
business we have analyzed our combined offering to the plastics industry and
have decided that the Irgasurf HL products do not fit our strategic scope”,
explained Soeren Hildebrandt, Vice President Global Strategic Management and New
Business Development in the Performance Chemicals Division.
mrcplast.com |
