German compounder Romira GmbH acquired BASF AG's Luranyl business in Europe and Asia on Sept. 1. Terms were not disclosed.
Romira specializes in styrene copolymers. It will shift production of the BASF product, a high-heat blend of polyphenylene ether and high-impact polystyrene, to Romira's 44 million-pound-per-year headquarters plant in Pinneberg.
BASF makes about 11 million pounds of Luranyl a year in Germany and South Korea. The polymer, which incorporates a halogen-free flame retardant, is used in electrical/electronic applications.
Ludwigshafen, Germany-based BASF said the material did not fit its goal of concentrating on ``large, integrated value-chains.''
``It consolidates our product range and releases production capacity for our high-volume thermoplastics,'' BASF styrenics divisional head Fred Baumgartner said of the sale.
For Romira, the acquisition is an opportunity to expand its engineering plastics range.
``Products like Luranyl allow medium-size companies like Romira to meet very special customer requirements and complement the offerings of large companies,'' said Managing Director Udo Muller.
No BASF jobs were affected by the sale, according to the companies.