Color and additive concentrates maker Techmer PM LLC has purchased a specialty additives business from BASF SE for an undisclosed price.
The deal includes intellectual property and technical information for Irgasurf HL-brand hydrophilic melt additives, but no property or manufacturing equipment. Ludwigshafen, Germany-based BASF acquired the Irgasurf line when it bought Swiss Plastics and chemicals maker Ciba Holding AF in 2008.
We have analyzed our combined offering to the plastics industry and have decided that the Irgasurf products do not fit our strategic scope, BASF's SÃ¸ren Hildebrandt said in a June 8 news release. Hildebrandt is a vice president with the firm's Performance Chemicals division.
For Clinton-based Techmer, the deal is the firm's first since buying color concentrates maker Accel Color in 2008.
We're in a unique position to successfully grow this business because it complements our existing product line and strong presence in the markets of fibers and nonwovens, Techmer President and CEO John Manuck said.
Techmer also plans to open a plant near São Paulo by the end of the year. The plant will include three twin-screw extrusion lines and will be Techmer's first outside of North America.
Techmer operates plants in Clinton; Wichita, Kan.; Dalton, Ga.; and Rancho Dominguez, Calif. The firm added about 15 jobs at the Clinton plant last year.
Four small extrusion lines also were installed last year at Techmer plants, replacing older ones. The new lines will be able to handle specialty orders of less than 500 pounds. The firm, founded by Manuck in 1981, employs about 600 and has annual sales of about $200 million.
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