PITTSBURGH, Dec. 6 /PRNewswire-FirstCall/ -- Bayer Chemicals has expanded
its line of material protection products with the acquisition of two families
of biocide chemistry, the company announced today.
In a transaction that closed today with Ondeo Nalco Company, Bayer
acquired the EPA-registered active ingredient thiabendazole (TBZ) and
dibromodicyanobutane (DBDCB), along with certain patent-protected formulations
of these and other biocide chemistries. The acquisition, including the trade
names Tektamer(TM), Biochek(TM) and Metasol(TM), expands and strengthens well-
established offerings of Bayer's material protection business.
DBDCB, which is also FDA-registered, is in the United States the leading
preservative chemistry for the adhesives market and enjoys long-standing
applications as a preservative for slurries such as kaolin, including clay,
and construction compounds, including joint compounds. Other important
applications include paints and coatings, latexes, printing inks, waxes, and
other water-based industrial materials, including household cleaners. DBDCB
and its formulated combination products are also used for the preservation of
cosmetics and personal care products. While this acquisition enhances Bayer's
position in the cosmetics industry, Ondeo Nalco will retain the rights to its
proprietary cosmetics preservative formulations, including the trade name
Merguard(TM), plus certain rights to sell cosmetic-grade active ingredients
for use in cosmetics.
TBZ is one of the leading fungicidal chemistries for protecting wet-state
paint, pulp and paper slurries and additives, and all types of functional
fluids, including metalworking fluids. TBZ is also one of the leading
mildewcidal chemistries for providing dry-film protection from mildew
defacement of painted surfaces.
"We are delighted to augment our family of Preventol(R) material
protection products with these proven active ingredients," said Frank
Lueckgen, vice president, Bayer Chemicals. "We believe our customers will be
equally gratified that Bayer is growing its material protection business in
order to become the source of greater value and a broader range of highly
effective chemistries."
For more information about Bayer Chemicals and its material protection
products, contact Bayer Chemicals at 1-800-662-2927 or visit
http://www.protectedbybayer.com.
The material protection business of Bayer supplies a wide range of
biocides, and corrosion inhibitors. Bayer biocides protect against
microorganisms (yeast, fungi, bacteria, and algae) that can degrade the
quality of materials including wood, paints, mineral slurries, and all types
of functional fluids, including metalworking fluids. Bayer corrosion
inhibitors are used in water treatment applications, functional fluids, and
antifreeze applications. Bayer preservative products are the active
ingredients in wash products, such as bar and liquid soaps, in the cosmetics
industry. Bayer phenolic microbicides for disinfectants and antiseptics are
leading active ingredients for these application fields.
Bayer Corporation, best known for its flagship product, Bayer Aspirin,
produces a broad range of health care, crop protection, polymer and chemical
products that help diagnose and treat diseases, purify water, preserve local
landmarks, protect crops, advance automobile safety and durability and improve
people's lives.
Headquartered in Pittsburgh, Bayer Corporation (NYSE: BAY) had sales of
$10.1 billion in 2001 and is one of Fortune magazine's Most Admired Companies.
The company employs 21,500 people. It is a member of the worldwide Bayer
Group, a $27 billion international health care and chemicals group based in
Leverkusen, Germany. The Bayer Group stock is a component of the DAX and is
listed on the New York Stock Exchange (ticker symbol: BAY).
This news release contains forward-looking statements based on current
assumptions and forecasts made by Bayer Group management. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. These
factors include those discussed in our public reports filed with the Frankfurt
Stock Exchange and with the U.S. Securities and Exchange Commission (including
our Form 20-F). The company assumes no liability whatsoever to update these
forward-looking statements or to conform them to future events or
developments.
SOURCE Bayer Corporation
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Company News On-Call:
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CONTACT:
Earl Bohn, Bayer Corporation,
+1-412-777-3865, fax: +1-412-777-4431, earl.bohn.b@bayer.com
NOTE TO EDITORS: Please send all reader responses to Earl Bohn,
Bayer Corporation, 100 Bayer Road, Pittsburgh, PA 15205-9741.
Fax: 412-778-4431. E-mail earl.bohn.b@bayer.com.
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