Bayer to Acquire Citric Acid Business
PITTSBURGH (AP) _ Bayer USA Inc. said Monday its parent company has signed a contract to buy the citric acid business and assets of a plant in the United Kingdom for about $100 million.
The agreement would give Bayer AG of West Germany the ability to make 23,000 tons of citric acid in Europe, increasing the company’s worldwide capacity to 150,000 tons of the chemical per year, the company said.
Bayer - a diversified company which makes health-care, organic and industrial products - said Rhone-Poulenc’s Sturge plant in Shelby, Yorkshire, could be expanded to produce 36,000 tons of citric acid with ″relatively minor investment.″
The company said it would integrate the business into the Haarmann & Reimer Food Ingredients Division of Bayer UK Ltd.
Citric acid is used in the food, beverage, pharmeceutical and detergent industries.