Cognis to sell UV acrylates business to IGM Resins

01 April 2010 16:11  [Source: ICIS news]

TORONTO (ICIS news)--Cognis plans to sell its ultraviolet (UV) acrylates business to IGM Resins, the Germany-based international specialty chemicals producers said on Thursday.

The UV acrylates business produces monomers and oligomers for UV applications marketed under the Photomer brand name, Cognis said.

Cognis and IGM Resins had signed an agreement on the sale, which included a US plant in Charlotte, North Carolina, the group added.

Cognis did not disclose any financial terms; however it said that the deal was expected to close in June.

Netherlands-based IGM Resins is described as a specialty chemicals firm focussed on UV radiation curing markets. It has plants in Europe, the US, South America and China.

To discuss issues facing the chemical industry go to ICIS connect

By: Stefan Baumgarten
+1 713 525 2653

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly