Crompton Acquiring Basell's Interloy Business Assets and Hivalloy Technology
"This transaction broadens Crompton’s polymer modifier product offering and improves our global market position in plastics additives," said William Murrell, Vice President of Crompton’s Olefins and Styrenics business. "Customers will benefit from this natural extension of our product line, in part by regaining access to Interloy products, which have been absent from the market but are expected to be available through Crompton before the end of the year."
"We are pleased that we have successfully concluded our negotiations with Crompton," said Sergio Danesi, President of Basell’s global Advanced Polyolefins Business. "This action enables us to further concentrate on a unique portfolio of specialty products comprised of compounded materials, Catalloy process resins, Polybutene-1 and specialty PE’s."
Crompton plans to produce, market and supply Interloy products worldwide and will license the compounding technology used to make Hivalloy products. Current commercial Interloy products are methyl methacrylate grafted polypropylene and styrene grafted polypropylene, which are used to compatibilize polypropylene with other polymers for applications requiring long-term weatherability, gloss and color retention on UV exposure, low-temperature impact and scratch/mar resistance.
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