Germany’s BASF buys US polyurethanes firm ITWC

German chemical group BASF SE (ETR:BAS) said it had acquired US cast elastomer polyurethane systems maker ITWC Inc in an effort to enhance its own polyurethanes activities in North America.

Through the acquisition, BASF will strengthen its position as a leading solutions provider for polyurethane systems and will also improve its global market position with cast elastomer technology for various sectors, BASF Polyurethanes president Raimar Jahn said.

The newly acquired portfolio will complement BASF’s line of polyurethane chemicals, systems and specialities within North America and will also enhance its position in the regional polyurethanes market, said Beate Ehle, the buyer’s president of market and business development for North America.

According to ITWC’s founder and CEO Walt Smith, the US firm will bolster its track record of continuing growth and development while benefiting from the financial strength and resources of its new owner.

As part of the transaction, the financial terms of which were not unveiled, BASF is purchasing all of ITWC’s assets, including those obtained during its takeover of California-headquartered Hydroseal Polymers Inc in November 2010.

Iowa-based ITWC offers cast elastomer polyurethane systems and polyester polyols. The firm has facilities in the states of Iowa and California and over 80 employees, including business management, production, research and development (R&D), sales and administrative functions.

CDI Global has helped BASF during the negotiation period.

Thermo Fisher acquires Doe & Ingalls for $175m in cash

Thermo Fisher Scientific Inc (NYSE:TMO), the US provider of analytical and laboratory products and services, announced the acquisition of North Carolina-based Doe & Ingalls Management LLC in a cash deal valued at about USD175m (EUR132m).

Doe & Ingalls serves life sciences and microelectronics sector players by providing them with speciality production chemicals and supply-chain services tailored to their specific needs.

Service offerings such as MOR, Smart Sourcing and Streamline are designed for the purpose of managing risk, quality and overall costs in the chemical supply chain associated with manufacturing activities.

The company has established service centres in key North American biopharmaceutical and microelectronics hubs. In 2011, Doe & Ingalls delivered revenues of about USD110m.

Thermo Fisher will integrate Doe & Ingalls into its Customer Channels business, which in turn operates within the Laboratory Products and Services Segment.

Thermo Fisher’s president and CEO Marc N. Casper said the addition of Doe & Ingalls would open up new growth opportunities as the channel capabilities of Thermo Fisher combine with the comprehensive production chemicals line of Doe & Ingalls and its related services.

The acquisition brings in products and services that will enhance value for customers by addressing their production needs. Historically, Thermo Fisher has mostly catered to the research needs of its vast customer base, Casper noted.