Bayer Corporation Sells High-Performance Organic Pigment Business to Sun Chemical Corporation

07-Feb-2003

Bayer Corporation today announced the sale of Bayer Polymers LLC's high-performance organic pigment business to Sun Chemical Corporation.

The sale, which includes the high-performance organic pigment manufacturing and wastewater treatment facilities at Bayer's Bushy Park site in South Carolina, was completed on Jan. 31. Terms were not disclosed.

The high-performance organic pigment products acquired by Sun Chemical in the acquisition are used in automotive coatings, industrial and architectural coatings, as well as plastics, fabric and fiber coloring. The products include Indofast carbazole violet, Perrindo perylene, Quindo quinacridone and Palomar pthalocyanine pigments. Approximately 140 Bayer employees will be transferred to Sun Chemical's Performance Pigments Group.

Bayer will continue to produce and market other colorants including Macrolex dyes, Pigment Yellow 150 and Bayferrox iron oxide pigments. Bayer's organic pigments producedin Lerma, Mexico, and Leverkusen, Germany, are also not included in the sale.

At the Bushy Park facility, located 25 miles northeast of Charleston, S.C., Bayer produces dyestuffs and specialty colorants for the textile and paper industries; organic intermediates; and DorlastanÒ spandex fibers used in the sportswear and textile industries.

Sun Chemical will become the third non-Bayer tenant at the Bushy Park site. Other companies with operations there include Haarmann & Reimer, a New Jersey general partnership which produces synthetic menthols for flavorings and personal care products, aroma esters used in perfumes and sunscreen agents for cosmetics, and Agfa Corporation, which produces photographic film products.

https://www.chemeurope.com/en/news/19788/bayer-corporation-sells-high-performance-organic-pigment-business-to-sun-chemical-corporation.html