LEVERKUSEN, Germany - Bayer MaterialScience AG has signed a contract for the sale of its Viverso GmbH subsidiary to Nuplex Industries Ltd. for EUR 75 million. The company is a manufacturer of polymer resins based in New Zealand and Australia. The transaction is subject to the approval by relevant antitrust authorities. The sale is expected to close by the end of the year.
The transaction includes Viverso GmbH and all associated plants and assets and selected product groups that Viverso currently manufactures for companies of Bayer MaterialScience under a toll manufacturing agreement. Also included in the sale are the Viverso, Roskydal®, Alkydal®, Tungophen® and Resistherm® brands.
Viverso was established in early 2008 with a specially developed business model centered around an internet-based, highly standardized distribution concept. It is headquartered in Bitterfeld, Germany.
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