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Business
BASF is buying plastics firm
September 5, 2005
| A version of this story appeared in
Volume 83, Issue 36
BASF has agreed to purchase German engineering plastics compounder Leuna-Miramid for an undisclosed sum. BASF says Leuna-Miramid, which has 140 employees and annual capacity of 30,000 metric tons, is an "ideal fit" with its engineering plastics business. BASF says the European engineering polymer market is growing at a 5% annual rate. It purchased Honeywell's engineering plastics business and Ticona's nylon 6,6 business in 2003.
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