BASF Corporation Issues Letter of Intent to Purchase Polyurethane Systems Group of PMC, Inc.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 and the 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 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. , Inc. have signed a letter of intent for the purchase by BASF of IPI's polyurethane polyurethane Any of a class of very versatile polymers that are made into flexible and rigid foams, fibres, elastomers (elastic polymers), surface coatings, and adhesives. systems business. Polyurethane systems are a key component of BASF's Polymers Division product portfolio. The acquisition of the IPI business will bolster BASF's current market position and enable it to increase its direct participation in the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. spray foam market. IPI International is a multinational supplier of blended polyurethane systems used primarily for insulation purposes. It is also active in the flexible, rigid, and non-foam markets and has built a reputation for delivering high quality products and services to its customers. Its successful relationship with the various markets it currently serves will be enhanced through the union with BASF technology and capabilities. BASF Corporation is acknowledged as an industry leader in alternative blowing agent research and applications. The combination will quicken a resolution of the challenges facing the industry on a global scale. "By acquiring IPI's business, we are making an increased commitment to the North American spray foam market and increasing our activity in the markets we currently serve," says 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 purchase supports our global growth strategy and strengthens BASF in key markets in North America." BASF Corporation ranks among the leading producers and marketers of chemicals and chemical-related materials in North America. Employing about 15,000 people at approximately 50 locations, the Company is a supplier of basic, intermediate, specialty and fine chemicals; nylon fibers; colorants; dispersions; automotive coatings; plastics; crop protection products; pharmaceuticals and vitamins. The Company serves a wide range of markets including automotive, construction, home furnishings, apparel, food, nutrition, pharmaceutical, personal care and electronics. "We don't make a lot of the products you buy. We make a lot of the products you buy better(R)" summarizes the diverse product mix offered by the Company. BASF Corporation, based in Mount Olive, New Jersey, is the North American affiliate of BASF Group, which is headquartered in Ludwigshafen, Germany. |
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