BASF Corporation
and Gabriel Performance Products, LLC, a U.S. based specialty chemical company,
finalized a transaction transferring the highly recognizable Versamid® trademark to Gabriel, and exclusively licensing the polyamide
curing agent technology in the U.S. Versamid polyamide curing agents are used
for two component solvent-borne epoxy applications.
“The Versamid
product line is well known within the industry and this acquisition strengthens
Gabriel’s position in the epoxy curing market,” said Seth Tomasch, CEO of
Gabriel Performance Products. “It is an excellent complement to our
mercaptan product line, and we look forward to serving customers who formerly
looked to BASF for epoxy curing agent solutions.”
The transaction
with Gabriel follows BASF’s announcement in July that they will close the Dimer
and Polyamide Resins unit at the Kankakee, Illinois site, exit the business,
and divest intellectual property including trademarks. BASF continues to
operate the Kankakee site, which supplies products for the Nutrition and Health
and Care Chemicals Divisions of the company. BASF intends to work closely with
Gabriel to transition customers through March 2016.
BASF will continue
to manufacture, market and sell PUR technologies through the back license of
the Versamid® trademark with Gabriel. Versamid® PUR
polyurethane resins are used for flexographic and gravure printing ink
applications. BASF South America is excluded from this transaction and
will continue to manufacture, market and sell polyamide resins under the
Versamid® trademark in the South American region.
For more information
about BASF’s North American operations, visit www.basf.us
