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Business
Bayer Sells Resins Unit To Nuplex
by Alexander H. Tullo
November 7, 2011
| A version of this story appeared in
Volume 89, Issue 45
Bayer MaterialScience has agreed to sell its Viverso subsidiary to New Zealand-based chemical maker Nuplex Industries for about $100 million. The Viverso unit has capacity to make 60,000 metric tons per year of acrylic, unsaturated polyester, alkyd, and other coatings resins at its Bitterfeld, Germany, plant, which opened in 1995. The plant will continue to make some specialty products for Bayer under contract. Viverso was established in 2008 as a subsidiary of Bayer. Some 165 employees will transfer to Nuplex.
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