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BASF Sells Cognis's Hythe Site in the U.K. to Geo Specialty Chemicals
5:42 AM MDT | June 3, 2011 | Natasha Alperowicz
BASF says it has entered into an agreement with Geo Specialty Chemicals (Lafayette, IN) to sell its Bisomer monomer business as well as conventional contact lens operation of Cognis U.K. The transaction includes a manufacturing facility at Hythe, U.K. that produces hydroxy methacrylates, multifunctional methacrylates and specialty adducts, polyalkylene glycols (PAG) and PAG-based lubricants. Approximately 140 empolyees are expected to transfer to Geo Specialty Chemicals UK, as part of the transaction. Closing of the deal is expected in the third...
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