Bayer sells off organic pigment business

Bayer Corporation today announced the sale of Bayer Polymers LLC’s high-performance organic pigment business to Sun Chemical Corporation for an undisclosed sum.

The sale, which includes the high-performance organic pigment manufacturing and wastewater treatment facilities at Bayer’s Bushy Park site in South Carolina, was completed on January 31 2003.

The organic pigment products acquired by Sun Chemical are used in automotive coatings, industrial and architectural coatings, as well as plastics, fabric and fibre colouring. The products include Indofast carbazole violet, Perrindo perylene, Quindo quinacridone and Palomar pthalocyanine pigments.

Approximately 140 Bayer employees will be transferred to Sun Chemical’s Performance Pigments Group.

Bayer will continue to produce and market other colorants including Macrolex dyes, Pigment Yellow 150 and Bayferrox iron oxide pigments. Bayer’s organic pigments produced in Lerma, Mexico, and Leverkusen, Germany, are not included in the sale.

At the Bushy Park facility, located 25 miles northeast of Charleston, S.C., Bayer produces dyestuffs and speciality colorants for the textile and paper industries; organic intermediates; and Dorlastan spandex fibres used in the sportswear and textile industries.