BASF planning to be buy Honeywell engineering resins
The addition of Honeywell's Capron nylons and alloys will broaden BASF's engineering resin portfolio and enhance p...
The addition of Honeywell’s Capron nylons and alloys will broaden BASF’s engineering resin portfolio and enhance product offerings particularly for automotive, packaging and electrical and electronics markets.
The engineering plastics agreement includes manufacturing facilities, R&D assets, and sales and technical service locations worldwide. Based in Morris Township, NJ, the Honeywell engineering plastics business employs about 500 people.
Honeywell’s Capron nylon and alloys complement BASF’s engineering plastics portfolio of Ultradur thermoplastic polyester (PBT), Ultraform acetal copolymer, Utrason E polyethersulfone (PES) and Ultraon S polysulfone (PSU), and Ultramid nylon-based engineering plastics.
In a separate transaction, BASF has also agreed to sell its worldwide nylon fibres business to Honeywell. Both sales are subject to regulatory approval, and are expected to close in the first half of 2003.