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(hydrocarbonprocessing)
-- Bayer MaterialScience has agreed to acquire the polycarbonate sheet
business of Arkema, which includes the company’s Tuffak line of products used in
such markets as aerospace, transportation and heavy equipment. Financial terms
of the deal were not disclosed.
Bayer MaterialScience on Thursday said it
plans to acquire the North American polycarbonate sheet business of Arkema,
which includes the company’s Tuffak line of products used in such markets as
aerospace, transportation and heavy equipment. Financial terms of the
acquisition were not disclosed.
In addition to the Tuffak line of sheet
products, the acquisition includes production equipment that will be transferred
to Bayer MaterialScience’s sheet business in the NAFTA region, the company
said.
In an effort to provide customers with a smooth transition, Arkema
will continue to produce the products for several months through a tolling
agreement with Bayer MaterialScience, officials said.
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