Cargill Acquires BioBased Technologies’ Polyols Products
May 23, 2017
Cargill has purchased Rogers, Arkansas-based BioBased Technologies’® vegetable-based polyol product line, Agrol,® and other assets. “Combining assets and expertise of BioBased Technologies and Cargill will allow us to bring new innovations to our customers, while also expanding our offerings to serve new customers and other markets,” said Eric Kuckhoff, general manager for Cargill Industrial Specialties in North America.
According to the companies, the acquisition merges BioBased Technologies’ processing model with Cargill’s global manufacturing capabilities and leverages the sustainable chemistry expertise of the two organizations. Reportedly, Cargill can now offer customers products that incorporate higher levels of natural polyols, which reduces dependence on petroleum polyols, without sacrificing performance. Additionally, the acquisition will enable Cargill to expand into applications beyond the foam market such as elastomers, sealants, coatings, binders, and adhesives, enabling increased sustainability efforts across those industries, the company stated.
“When you combine Cargill’s size and resources with BioBased Technologies’ expertise, we are going to make substantial advances in the renewable chemistry sector in the years and decades ahead,” said Amy Sorrell, former chief executive officer of BioBased Technologies, and now commercial manager for Cargill Industrial Specialties.