Bayer expands business with Arkema acquisition

Bayer MaterialScience will acquire Arkema's polycarbonate sheet business in the USA. Both companies have signed the agreement. Financial terms are not disclosed. With this deal, expected to be finalised in May, Bayer MaterialScience will further strengthen its position in the North American market and its global sheet activities. The company already operates sheet production in the USA, Mexico, Germany, Belgium, Italy as well as China, India, Korea and Australia. The acquisition will include Arkema's Tuffak line of products used in areas such as aerospace, transportation and heavy equipment. In addition, production equipment from Arkema Inc. will be transferred to the sheet business of Bayer MaterialScience LLC in the NAFTA region. To provide customers with a smooth transition, Arkema will continue to produce the products for several months through a tolling agreement with Bayer MaterialScience.
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