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[February 2002]
Bayer Corporation Sells Its Bushy Park Based Organic Pigments Business
Bayer Corporation (Pittsburgh, PA, USA) has agreed to sell its organic pigments business located at Bush Park, SC, USA to Sun Chemical Corporation (Fort Lee, NJ, USA). The organic pigments manufactured there are used in coatings for automotive, industrial and architectural applications and for colouring plastics and fibres."Divesting these organic pigments is part of Bayer's strategy of streamlining our product portfolio and concentrating on our core businesses," said Dr John Williams, the Executive Vice President Bayer Corporation and President, Coatings & Colorants Division.
The business to be acquired employs approximately 180 people. Pending approval by regulatory groups, transfer of ownership is planned for 1 April 2002.
Bayer will continue to produce colorants including Macrolex dyes, Pigment Yellow 150 and Bayferrox iron oxide pigments. Bayer's organic pigments produced in Lerma in Mexico are also not included in the sale.
ENDS