Bayer sells Viverso to Nuplex Industries

摘要

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 leading manufacturer of polymer resins, based in New Zealand and Australia. Bayer MaterialScience will thus divest a certain part of its conventional coating resins business which does not fit the company's current growth strategy. Bayer MaterialScience is concentrating onproducts and areas of application characterized by a more pronounced innovation focus.