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Stepan to acquire Bayer’s polyester resins business

5:42 PM MDT | May 6, 2013

Stepan says it has reached an agreement with Bayer MaterialScience to acquire Bayer’s North American polyester resins business, including a production facility located at Columbus, GA. Financial details of the deal have not been disclosed. The business to be acquired has annual sales of about $64 million, Stepan says. The Columbus plant is expandable and houses an R&D laboratory for customer technical support and new product development. The transaction is expected to close by 1 June, Bayer says. Bayer MaterialScience is a leading producer of powder...

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