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Bayer to acquire Arkema polycarbonate sheet unit

April 17/2012


(hydrocarbonprocessing) -- Bayer MaterialScience has agreed to acquire the polycarbonate sheet business of Arkema, which includes the companys 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 companys 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 MaterialSciences 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.


mrcplast.com
Author:Anna Larionova
Tags:Arkema, Bayer.
Category:General News
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