Bayer Corp. Launches Powder-Coatings Unit, Looks to Expand Business
Bayer formally announced the launch of a new business unit focusing on raw materials for powder coatings.
NEW YORK — Bayer Corp. formally announced the launch of a new business unit focusing on raw materials for powder coatings, and said the unit’s creation reflects a strategic plan to significantly expand the company’s global position in the market for powder-coatings resins and crosslinkers.
At a news conference in New York, Bayer Executive Vice President John L. Williams said the launch of the company’s new Global Powder Coatings Business Group is a result of Bayer’s recent acquisition of RUCO Polymers, a major North American supplier of polyester powder-coatings resins. RUCO was a subsidiary of Sybron Chemicals Inc., which Bayer acquired late last year.