Chemical Week Magazine :: Business & Finance :: United States/Americas
Acrylic emulsions maker splits off from Saiden Chemical
5:21 PM MST | December 20, 2012 | —Vincent Valk
Saiden Chemical’s (Tokyo) acrylic emulsion polymers subsidiary in the United States has split off from its parent company in a buyout by local management. The new company will be called STI Polymer and will continue to produce and market its acrylic emulsion polymer products. Terms of the transaction were not disclosed. STI Polymer consists of one manufacturing facility, which opened in 2001, in Sanford, NC. The company will also retain a technical support agreement with Saiden, providing access to the former parent’s R&D capabilities. “We...
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