Bayer will extend polycarbonate sheet business
Agreement for acquisition in the USA
The acquisition will include Arkema’s Tuffak® line of products used in areas such as aerospace, transportation and heavy equipment. In addition, production equipment from Arkema Inc. will be transferred to the sheet business of Bayer MaterialScience LLC in the NAFTA region. To provide customers with a smooth transition, Arkema will continue to produce the products for several months through a tolling agreement with Bayer MaterialScience.
“The addition of the well-known Tuffak® business will further strengthen our quality leadership position in the growing North American polycarbonate sheet market,” said Thomas Karl Kastner, global head of Bayer MaterialScience’s sheet business. “This acquisition will support our strategic initiative to establish polycarbonate sheet as the product of choice in the security glazing, mass transportation and signage markets.”
Organizations
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.