In a new step to reinforce its position in surface technologies, UCB Chemicals announced the acquisition of the graphic arts business from Air Products for a reported $14 million. In addition, Air Products will sell its Langley, SC production facility to UCB Chemicals. It is expected the sale will be completed within the next month.
This decision aims to complement UCB’s Radcure technology and strengthen its leadership position in the graphic arts business by diversifying its application solutions for its customers. This acquisition provides UCB with innovative liquid resins, including waterborne emulsion and solid acrylics for graphic arts applications including flexography on paper and films for food/cosmetic packaging and labels.
“The sale of this business is consistent with our portfolio management strategy. We will continue to focus on core and growth businesses in the Performance Materials Division and company wide,” said Andrew E. Cummins, group vice president – chemicals, for Air Products.
UCB will also have the opportunity to further globalize these products outside the U.S., through its strong presence on the European and Asian markets. The facility in Langley employs 35 people. Sales generated by this business in 2002 were $17 million.