Stepan acquires Bayer’s North American polyester resins business

Stepan acquires Bayer’s North American polyester resins business

9:12 AM, 6th June 2013
Stepan acquires Bayer’s North American polyester resins business

NORTHFIELD, US: Stepan Company has completed the purchase of the North American polyester resins business, from Bayer MaterialScience. The sale includes the production facility located in Columbus, Georgia, US. The facility houses a modern R&D laboratory for customer technical support and new product development. The 21,000 tonne plant is expandable.

“This acquisition will significantly expand Stepan’s polyol product offering. This acquisition will diversify our polyol offering and accelerate our efforts to grow in coatings, adhesives, sealants, elastomers (CASE) and polyurethane systems house (PUSH) applications. The acquisition should be slightly accretive to 2013 earnings. We intend to make future capital expenditures to expand the capabilities at the site and look forward to providing the highest level of service to our new customers,” said F Quinn Stepan, Jr, President and CEO, Stepan Company.

© Worldofchemicals News

For the best details of chemical structures, chemical formulas, properties of chemicals, subscribe to worldofchemicals.com - https://www.worldofchemicals.com/

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


PetroLogistics to temporarily close propane dehydrogenation facility

HOUSTON, US: PetroLogistics LP will temporarily bring down its propane dehydrogenation facility commencing on 8 June 2013, for repairs pertaining to t ...

Read more
Yara gets approval for acquisition of Bunge’s fertilizer business in Brazil

OSLO, NORWAY: The Brazilian Administrative Council for Economic Defence (CADE) has approved Yara’s acquisition of Bunge’s fertilizer busin ...

Read more
Valspar to acquire Inver Holdings

MINNEAPOLIS, US: The Valspar Corporation, a leading global manufacturer of paints and coatings, announced a definitive agreement to acquire Inver ...

Read more
AkzoNobel, Solvay to expand renewable raw materials in coatings

AMSTERDAM, THE NETHERLANDS/BRUSSELS, BELGIUM: AkzoNobel and Solvay have signed a three-year agreement whereby AkzoNobel will increase the use of renew ...

Read more
EU imposes anti-dumping duties on Chinese solar panels import

BERLIN, GERMANY: The European Union is imposing anti-dumping levies on imports of Chinese solar panels, in a move that could trigger a trade war betwe ...

Read more
Sahara Petrochemical, Sipchem plan merger

JUBAIL, SAUDI ARABIA: Saudi Arabia’s Sahara Petrochemical and Saudi International Petrochemical Co (Sipchem) have begun initial talks on a poten ...

Read more