BASF acquires ITWC Incorporated

BASF has acquired Malcom, Iowa-based ITWC, which specializes in cast elastomer polyurethane systems and polyester polyols. BASF is acquiring ITWC’s assets, including those obtained during the company’s acquisition of Hydroseal Polymers Inc. in Riverside, California in November of 2010.
“With this acquisition, BASF further solidifies its position as a leading solutions provider for polyurethane systems and enhances its global market position with cast elastomer technology for a wide range of industries,” said Raimar Jahn, President of BASF’s Polyurethanes division. “ITWC has a strong cast elastomers technology and product portfolio, as well as an excellent customer base and manufacturing capabilities. We look forward to combining our polyurethanes research and applications expertise with ITWC to expand our global reach in the cast elastomers market.”

The transaction’s financial details have not been disclosed.
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