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The acquisition was completed on July 31, 2008, and the acquired business will be incorporated into Bayer MaterialScience LLC under the branding of BaySystemsTM, which is the umbrella brand for the global polyurethane systems operations of Bayer MaterialScience.
The polyurethane systems acquired from Stepan Co. are insulation materials used in appliances, water heaters, doors, roofs, picnic coolers and similar applications.
“This acquisition reinforces our global systems business and strengthens the breadth and depth of BaySystems’ already significant portfolio,” said Jerry MacCleary, senior vice president, head of polyurethanes North America marketing and business development, Bayer MaterialScience LLC. “We constantly strive to better serve our customers and markets, and this acquisition, which provides us with access to innovative, proprietary technologies, does just that.”
For more information, visit www.bayermaterialsciencenafta.com.