Polymer Solutions Group Buys Michelman Product Line
ALBANY, GA/CINCINNATI — SASCO Chemical, a Polymer Solutions Group (PSG) company, has acquired the Wood Release Agent Product Line of Michelman Inc., a major supplier of release agents to the engineered wood market. SASCO has expanded its business in the wood release agents market over the past several years by leveraging its core competencies around anti-tack products primarily sold into the rubber industry. In 2015, SASCO opened a release agent production facility in Albany, Georgia.
According to Mike Ivany, President and CEO of PSG, “The acquisition of Michelman’s Michem® Wood Release agents will advance PSG’s strategic goal of growing its product portfolio of functional materials for the construction industry. Specifically, this solidifies PSG and SASCO as a dedicated supplier to the engineered wood market and provides a platform to expand PSG’s presence into other technical and geographical areas.“