08 December 1997 00:00 [Source: ICB]
BASF has sold its PMMA business to Ireland's Barlo packaging materials group for DM15m ($8.5m), which includes production activities of Resart at Mainz, Germany, and Critesa in Spain. The two companies, with a total of 300 employees and sales of DM130m in 1996, had a combined loss of DM12.5m in 1996.
Barlo chief executive Anthony Mullins, said: 'The new businesses will be integrated into Bado's existing plastic sheet business and will result in benefits in production efficiencies.'
Along with supplying methyl methacrylate (MMA) feedstock to Barlo, BASF will market the PMMA granules it continues to produce under its Lucryl trademark.
Without naming MMA capacities, BASF said output is sufficient to supply Barlo, as well as its own polymer dispersions and Perlux styrene-MMA copolymer production.
The Barlo group, with 1110 employees and sales of Punt112m ($166m), plans to integrate the former BASF acrylics business into its Belgian subsidiary, IRG Plastics, acquired in 1992. IRG, which produces extruded ABS and PET sheets, additionally has production facilities in the Czech Republic.
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