Bayer will extend polycarbonate sheet business
Agreement for acquisition in the USA
Bayer MaterialScience will acquire Arkema’s polycarbonate sheet business in the USA. Both companies have signed the agreement. Financial terms are not disclosed. With this deal, expected to be finalized in May, Bayer MaterialScience will further strengthen its position in the North American market and its global sheet activities. The company already operates sheet production in the USA, Mexico, Germany, Belgium, Italy as well as China, India, Korea and Australia.
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.”
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