Bayer MaterialScience has signed a contract for the sale of its Viverso GmbH subsidiary to Nuplex Industries Ltd., a leading manufacturer of polymer resins. The sale worth EUR 75 million is expected to close by the end of the year.
The transaction includes the Viverso GmbH including all associated plants and assets and selected product groups that Viverso currently manufactures for companies of Bayer MaterialScience under a toll manufacturing agreement. Also included are the Viverso, Roskydal® (Unsaturated Polyester Resins), Alkydal® (Alkyd Resins), Tungophen®, and Resistherm® brands. All 165 employees will transfer with business under the same conditions.
Bayer MaterialScience said it is concentrating on products and areas of application characterized by a more pronounced innovation focus.