Bayer completes acquisition of Sybron Chemicals

<%=company1%>, a wholly owned subsidiary of Bayer AG, has finalized its acquisition of Sybron Chemicals Inc., a U.S.-based producer of polymers and specialty chemicals.

Bayer recently received clearance from anti-trust authorities and concluded the tender offer for Sybron. The transaction was valued at approximately $325 million, which included assumed debt.

The acquisition provides Bayer's global Coatings and Colorants Business Group (Polymers segment) and global Specialty Products Business Group (Chemicals segment) access to new technologies and expand their product offerings in the NAFTA region.

In the polymer intermediates business, the Sybron acquisition gives Bayer expertise and a good market position in the NAFTA region for raw materials for powder coating—an environmentally friendly industrial coating technology. The same is true of Sybron's business in functional polyesters outside the powder coatings field. Both of these activities complement Bayer's polyurethane hardeners business.

Bayer Specialty Products Business Group products include specialty chemicals for the textile, leather and paper industries, ion exchange resins, water chemicals, polymer additives, and ingredients for wood and industrial preservatives.

Edited by Anndrea Vorobej
Managing Editor, TextileWeb