Cognis sells UV acrylates business to IGM Resins

Cognis has signed an agreement for the sale of its UV acrylates business to the Dutch IGM Resins, that should be formally completed by June 2010. The UV acrylates business manufactures monomers and oligomers for UV applications marketed under the Photomer brand name. The sale includes the Photomer trademarks, intellectual property, inventory, and the Charlotte manufacturing site in the United States. The manufacturing employees will be transferred to the new owner, as well as several business related employees in the United States, France and Asia. This acquisition completes IGM Resins products range for the radiation curing industry globally.