BAYER ACQUISITION
February 1st, 2003
BY PHILIP FINE
THE PROPOSED acquisition of Bayer's high-performance pigment business by Sun Chemical, the US subsidiary of Japan's Dainippon Ink and Chemicals, has a hit a snag. The US Federal Trade Commission says that before any sale goes through, Dainippon must sell off its US-based perylene business.
These chemical ingredients are used in commercial automobile paint applications, helping to prevent colours from fading. Bayer, through its American and Mexican plants, is currently the second largest supplier of perylenes in the world, while
Dainippon is the ...
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