BASF Corporation Acquires Hess Polyurethanes; Purchase will strengthen rigid and spray foam product line.Business Editors MOUNT OLIVE Mount Olive is the name of several places: United States of America Cities and towns
BASF BASF Bar Association of San Francisco (since 1872; San Francisco, California) BASF Badische Anilin und Soda Fabrik (German chemical products company) BASF Builders Association of South Florida Corporation has acquired certain of the assets of privately-held Hess Polyurethanes, Inc. in a move to expand BASF's presence in the rigid and spray foam products business. Terms of the transaction were not disclosed. Hess produces polyurethane products at its facility in Atlanta, GA. The Hess plant will continue operations under a tolling agreement with BASF. Hess customers will see no changes in product availability and no interruption in services. MacLean "Mac" Hess, founder of Hess Polyurethanes, will assist the BASF management team overseeing expansion and operation of the company's spray foam business. The Hess transaction is BASF's second acquisition of a polyurethane systems producer this year. In February, BASF acquired the polyurethane systems business IPI (Intelligent Peripheral Interface) A high-speed hard disk interface used with minis and mainframes that transfers data in the 10 to 25 MBytes/sec range. IPI-2 and IPI-3 refer to differences in the command set that they execute. See hard disk. International, a subsidiary of PMC (1) See Portable Media Center. (2) (PCI Mezzanine Card) A PCI-based mezzanine card that is widely adapted to VMEbus, CompactPCI and PCI cards. Global, Inc. "The Hess acquisition will improve our market share in spray-applied polyurethanes and bring synergy to our recently acquired IPI spray business," said Joseph Steiner, director of BASF Corporation's polyurethane systems group in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . "The market is ready to grow substantially as we focus on developing the right products and educating specifiers, consumers and applicators of the tremendous benefits available through the use of polyurethanes. "This purchase also supports our global growth strategy and underscores our commitment in North America," he added. BASF Corporation ranks among the top producers of chemicals and related products in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Mexico with sales of $7.2 billion in 1999. Based in Mount Olive, New Jersey, BASF Corporation is the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. affiliate of the BASF Group of Ludwigshafen, Germany. "We don't make a lot of the products you buy. We make a lot of the products you buy better(R)" summarizes BASF's diverse product offerings including chemicals, polymers, automotive and industrial coatings, colorants, pharmaceuticals, nylon fibers and agricultural products. BASF employs more than 15,000 people at about 50 locations in North America and has an internet site at http://www.basf.com. Slogan is a registered trademark of BASF Corporation. |
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