PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram
Search the site

 

Get the latest FREE eResource Blasting Resource Guide Download Now

Coatings Industry News

Main News Page


Bayer MS to Sell Off Resins Units

Friday, May 3, 2013

More items for Coating Materials

Comment | More

Bayer MaterialScience has announced plans to sell its global powder polyester resins business and its U.S.-based liquid polyester resins merchant business to Stepan Company.

The sale is scheduled to be completed by June 1, Bayer announced Tuesday (April 30). Financial terms were not disclosed.

Both Bayer businesses are located in Columbus, GA. Stepan is headquartered in Northfield, IL.

Bayer MaterialScience
Bayer MaterialScience

Bayer said the sale would allow the firm to focus on its core competencies. Terms weren't disclosed.

'The Right Home'

"The divestiture allows us to focus on our core competencies," said Daniel Meyer, head of the Coatings, Adhesives, Specialties business unit at Bayer MaterialScience AG.

"We believe we have found the right home for our North American polyester resins business and look forward to watching it develop further successfully under new ownership."

The company said it would retain its trade name Desmophen to continue to sell the portfolio of products, including coatings, adhesives, sealants and elastomers.

"This acquisition will significantly expand Stepan's polyol product offering," said F. Quinn Stepan, Jr., president and CEO of Stepan Company.

Stepan Company
Stepan Company

Stepan Company said the acquisition would "significantly expand" its polyol product offerings.

"Stepan is a leading producer of polyester polyol used in rigid foam insulation. This acquisition will diversify our polyol offering and accelerate our efforts to grow in CASE [coatings, adhesives, sealants and elastomers] and PUSH [Polyurethane Systems House] applications," Stepan said.

Stepan also said the company planned to expand the capabilities at the Columbus plant. The 45 employees currently working there will be offered job opportunities with Stepan, Bayer announced.

Bayer acquired the Columbus facility in 2000 when it purchased Sybron Chemicals Inc. The facility includes commercial and production operations for polyester resins.

About the Companies

Bayer MaterialScience, a Bayer Group company, had 30 production sites and approximately 14,500 employees globally at the end of 2012. Bayer MS focuses on manufacturing high-tech polymer materials.

Stepan Company is a producer of specialty and intermediate chemicals used in industrial, household, personal care, agricultural, food, and insulation related products.

   

Tagged categories: Acquisitions; Bayer; Bayer MaterialScience; Insulation; Polyester; Polymers; Polyurethane; Resins

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
PPG Protective and Marine Coatings Group
 
We Protect and Beautify the World
 
PPG is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.
 

 
Sherwin-Williams
 
Sherwin-Williams Oil & Gas App
 
Our coatings and linings expertise available 24/7, allowing you to explore the best Sherwin-Williams solutions for oil refineries, shale drilling sites, and offshore. Android users
click here. Download today!
 

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
Hempel (USA) Inc.
 
Trusted worldwide for advanced protective coatings
 
Trusted worldwide
for advanced
protective, coatings
–Full range of 
  advanced coatings
–Optimised application
–Fast, reliable service  worldwide. Contact us at oilandgas@hempel.com
 

 
Carboline Company
 
Fireproofing Solutions
 
Pyroclad® X1 Thermo-Lag® Pyrocrete® – protecting against hydrocarbon and jet fires, explosions, and cryogenic spills.
 

 
Jotun Paints Inc.
 
Jotachar JF750 - The Time Saving Solution
 
The only mesh free solution for jet fire scenarios. Jotachar saves installation time and material costs - the next generation of epoxy passive fire protection.
 

 
Termarust Technologies
 
Termarust (HR CSA) Chemically Stops
Active Corrosion
 
Arch truss treated with Termarust's (HR CSA) in 2003. This steel arch bridge is rust free on all surfaces including the crevice corroded joints and connections.
 

 
Safway Services
 
Your Access Advantage. QUIKDECK®
 
Provides safe, factory-floor-like working conditions. Can be engineered to fit almost any shape, structure or size. Modular platform easily assembled from just a few basic components. Excellent containment. Applications include vessels, offshore rigs and bridges.
 

 
DRYCO
 
Humidity & Temperature Control Equipment
 
Rental Desiccant Dehumidifiers, ArcticDRY Units, Air Conditioners, Heaters and Generators to help control the climate on your next industrial painting project. Nationwide locations, 24/7 service: (866) 379-2600 www.drycogroup.com”
 

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us