Manufacturing Industry
BASF buys Leuna-Miramid.(Leuna-Miramid GmbH)(Brief Article)
Plastics News, September, 2005
BASF AG has snapped up another engineering plastics business, agreeing to buy nylon maker and compounder Leuna-Miramid GmbH. Ten-year-old Leuna-Miramid of Leuna, Germany, which employs 140, operates one plant producing nylon 6, nylon 6/6 and nylon compounds. The site has a capacity of about 66 million pounds per year.
Miramid-brand materials are used in automotive, electrical, machinery, construction, furniture, sports and leisure applications. The proposed deal, for an undisclosed sum, is to conclude before the end of September, following final approval by European competition authorities, according to Thomas Schumann, Leuna-Miramid managing director. BASF of Ludwigshafen expects the European engineering plastics market to grow more than 5 percent per...
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