Bayer MaterialScience to acquire Ure-Tech Group - sportstextiles: Lea SportsTextiles

News

Bayer MaterialScience to acquire Ure-Tech Group

23/10/2006

Germany-based Bayer MaterialScience is to acquire Taiwan’s Ure-Tech Group, the largest thermoplastic polyurethane (TPU) producer in the Asia Pacific region. As a result of this acquisition, the company will become the world’s largest supplier and solutions provider of TPU resins and films. The deal is subject to regulatory approval by the cartel office and is expected to be closed in the first quarter of 2007. The purchase price has not been disclosed.

The Ure-Tech Group generated sales of approximately $55 million in 2005 while sales of Bayer MaterialScience’s Thermoplastic Polyurethanes Business Unit totalled €192 million ($240.8 million).

Ure-Tech group is the biggest producer of Thermoplastic Polyurethane (TPU) elastomer in Asia Pacific. Its Utechllan brand of TPU is widely used by the footwear and sports and leisure industries among others in the Asia Pacific region.


Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.