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Environment
Bayer Completes A Sale And Purchase
July 9, 2007
| A version of this story appeared in
Volume 85, Issue 28
Following regulatory clearances, Bayer has completed the sale of its Wolff Walsrode cellulosics business to Dow Chemical for about $725 million. Dow says it plans to combine Wolff with its water-soluble polymers business to create a new leader in cellulosic materials. Meanwhile, Bayer has completed its acquisition of Taiwan Ure-Tech, becoming, it claims, the world's largest supplier of thermoplastic polyurethane resins and films. Bayer will move the headquarters of its thermoplastic polyurethanes business to Hong Kong by October.
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