6/10/2010

BASF has sold its specialty-additives business to additives maker Techmer PM for an undisclosed amount. The transaction comes with technical information and other intellectual property concerning BASF's Irgasurf HL-brand hydrophilic melt additives. "We have analyzed our combined offering to the plastics industry and have decided that the Irgasurf products do not fit our strategic scope," a BASF executive said. Techmer, however, is "in a unique position to successfully grow this business," said its CEO, John Manuck.

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