Allnex to acquire “Desmolux®” product range from Bayer MaterialScience. Another step towards becoming the preferred resins supplier.
Brussels, July 18, 2013 –– Today, Allnex announced it has signed an agreement to acquire Bayer MaterialScience’s non-waterborne Radiation Curing resins business, marketed under the “Desmolux®” brand and representing a specialized portfolio of radiation curing oligomers suitable for higher performance uses.
The Desmolux® product portfolio includes non-waterborne radiation curing acrylated resins and radiation curing unsaturated polyesters in acrylated diluents. The acquisition of the Desmolux® product portfolio will complement Allnex’s leading position in EBECRYL® UV/EB Radiation curing products and will enable Allnex to further enhance its technology leadership as it continues to address future customer needs. Moreover, with this acquisition Allnex will increase its presence in new applications, develop new markets for Radcure and globalize the Desmolux® business.
The deal is expected to be closed in the second half of 2013.
“We are excited about combining Bayer’s Desmolux® business with Allnex’s existing Radcure product portfolio”, states CEO of Allnex, Frank Aranzana. “The divestiture of the Coating Resins business of Cytec into Allnex was only completed on April 3, 2013 and we are already taking another step towards establishing the company’s new identity. This transaction will extend our portfolio of products and add new revenue streams enabling Allnex to further leverage its strong customer relationships and partner network to expand distribution worldwide.”
About Allnex – www.allnex.com A global company with $1.5 billion in sales, Allnex is a leading supplier of resins for architectural, industrial, OEM and special purpose coatings. We are recognized as a specialty chemicals pioneer and known for our professionalism and for offering the broadest portfolio of high quality, innovative liquid resins and additives, radiation cured and powder coating resins, and crosslinkers for use on wood, metal, plastic, and other surfaces. With manufacturing facilities and research and technology support centers located throughout the world, we also provide responsive, local support to our customers, helping them to rapidly bring advanced coating solutions to the market.
Contact: Martine Van Driessche (Director Communications) +32.2.560.46.30 – email@example.com