FLORHAM PARK, NJ – BASF has acquired ITWC Inc., Malcom, IA, a company that specializes in cast elastomer polyurethane systems and polyester polyols. Financial details of the transaction were not disclosed.

With more than 80 employees, including business management, manufacturing, R&D, sales and administrative functions, ITWC operates sites in Malcom, IA, and Riverside, CA. BASF is acquiring the assets of ITWC, including those obtained during ITWC’s acquisition of Hydroseal Polymers Inc., Riverside, CA, in November 2010.