Industry News

BASF Sells its Versamid® Polyamide Curing Agent Technology to Gabriel Performance Products

Published on 2015-12-14. Author : SpecialChem

ASHTABULA, OH and CHARLOTTE, NC -- BASF Corporation and Gabriel Performance Products, LLC, a U.S. based specialty chemical company, finalized a transaction transferring the highly recognizable Versamid® trademark to Gabriel, and exclusively licensing the polyamide curing agent technology in the U.S. Versamid polyamide curing agents are used for two component solvent-borne epoxy applications.

Gabriel Performance Products
Fig. 1: BASF Sells its Versamid® Polyamide Curing Agent Technology to Gabriel Performance Products

“The Versamid product line is well known within the industry and this acquisition strengthens Gabriel’s position in the epoxy curing market,” said Seth Tomasch, CEO of Gabriel Performance Products. “It is an excellent complement to our mercaptan product line, and we look forward to serving customers who formerly looked to BASF for epoxy curing agent solutions.”

The transaction with Gabriel follows BASF’s announcement in July that they will close the Dimer and Polyamide Resins unit at the Kankakee, Illinois site, exit the business, and divest intellectual property including trademarks. BASF continues to operate the Kankakee site, which supplies products for the Nutrition and Health and Care Chemicals Divisions of the company. BASF intends to work closely with Gabriel to transition customers through March 2016.

BASF will continue to manufacture, market and sell PUR technologies through the back license of the Versamid® trademark with Gabriel. Versamid® PUR polyurethane resins are used for flexographic and gravure printing ink applications. BASF South America is excluded from this transaction and will continue to manufacture, market and sell polyamide resins under the Versamid® trademark in the South American region.

About Gabriel Performance Products, LLC

Gabriel Performance Products, LLC is one of the market-leaders in epoxy additives and specialty chemical manufacturing. Gabriel is focused on expanding its epoxy specialty offerings beyond its market-leading mercaptan-based curative technology.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,000 employees in North America, and had sales of $20.6 billion in 2014.

BASF creates chemistry – and have been doing so for 150 years. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As one of the world’s leading chemical companies, it combines economic success with environmental protection and social responsibility. Through science and innovation, it enables its customers in nearly every industry to meet the current and future needs of society. Its products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life.

Source: BASF

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