Bayer MaterialScience sells Thermoplastics Testing Center to Underwriters Laboratories

01-Apr-2009 - Germany

Bayer MaterialScience AG has signed a contract for the sale of its thermoplastics Testing Center (TTC) to Underwriters Laboratories Inc. (UL). The sale of the accredited test center underscores Bayer MaterialScience’s focus on the development of high-tech materials for innovative applications. The transaction should be completed during the second quarter of this year. Financial details have not been disclosed.

The TTC is based in CHEMPARK Krefeld-Uerdingen and employs 65 people, all of whom will be taken on by Underwriters Laboratories, according to the company. The TTC will extend UL’s portfolio of testing and certification service offerings. After the acquisition is complete, UL International TTC GmbH will operate as a subsidiary of UL International Germany GmbH, Neu-Isenburg.

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