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Allnex Takes Over Bayer's Desmolux® Product Range for UV/EB Curable Coatings

Published on 2013-10-11. Author : SpecialChem

BRUSSELS -- Allnex enhances its position as a technology leader in radiation curable coatings with completion of the acquisition of Bayer MaterialScience's Desmolux® Product Range.

With the acquisition of the Desmolux® product range from Bayer MaterialScience, Allnex gains urethane acrylate, dual cure resin and polyester/polyether acrylate technologies that complement its leading position in UV/EB radiation curing products.

Allnex is recognized for offering the broadest portfolio of high quality, innovative liquid resins & additives, radiation cured and powder coating resins, and crosslinkers. The addition of the new Desmolux®chemistiries further expands Allnex's product portfolio and enables the company to continue to address future customer needs, increase its presence in new applications, and develop new markets for Radcure. Furthermore, with its expanded portolio, Allnex can further leverage its strong customer relationships and partner network to expand distribution worldwide for both Desmolux and Ebecryl products.

"We are very excited about the closure of this first acquisition for Allnex since being born as an independent company through the divestiture of the Coating Resins business from Cytec just six months ago," notes Allnex CEO Frank Aranzana. "The finalization of this transaction not only signifies our committment to being the preferred resins supplier in the global marketplace, it is one of the first steps we have taken towards establishing Allnex's new identity," he adds. The initial agreement for the sale of the Desmolux® product range was signed by Allnex and Bayer MaterialScience in July 2013.

About Allnex

A global company with $1.5 billion in sales, Allnex is one of the leading suppliers of resins for architectural, industrial, OEM and special purpose coatings. They are recognized as a specialty chemicals pioneer and known for their 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, they also provide responsive, local support to their customers, helping them to rapidly bring advanced coating solutions to the market.

About Bayer

With 2012 sales of EUR 11.5 billion, Bayer MaterialScience is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2012, Bayer MaterialScience had 30 production sites and employed approximately 14,500 people around the globe. Bayer MaterialScience is a Bayer Group company.

Source: Allnex

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