27.07.2012 – BASF and ITWC, Inc. announced BASF’s acquisition of ITWC, Inc., based in Malcom, Iowa. ITWC specializes in cast elastomer polyurethane systems and polyester polyols. Financial details of the transaction were not disclosed.
With more than 80 employees including business management, manufacturing, R&D, sales, and administrative functions, ITWC operates sites in Malcom, Iowa and Riverside, California. BASF is acquiring the assets of ITWC, including those obtained during ITWC’s acquisition of Hydroseal Polymers Inc., Riverside, California, in November 2010.