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People & Business :: M&A
BASF Acquires Cast Urethanes Maker ITWC
9:42 AM MDT | July 3, 2012 | Lindsay Frost
BASF has acquired ITWC (Malcom, IA), a cast-elastomer polyurethane systems and polyester polyol producer. Financial details were not disclosed. ITWC acquired Hydroseal Polymers, and BASF will now acquire those assets plus ITWC’s 80 employees working in business management, manufacturing, R&D, sales and administration. "ITWC has a strong cast elastomers technology and product portfolio, as well as an excellent customer base and manufacturing capabilities. We look forward to combining our polyurethanes research and applications expertise with ITWC to...
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