Polymer Solutions acquires Michelman’s wood release agents

Global developer and manufacturer of environmentally friendly advanced materials, Michelman, Inc., recently announced that it has sold its Wood Release Agent Product Line to SASCO Chemical, a subsidiary of Polymer Solutions Group (PSG). 

“We are extremely proud of the development of our engineered wood release business over recent years,” Michelman’s President and CEO, Steve Shifman, said. “Michelman’s technical and business development associates identified a changing commercial environment and acted to fulfill the needs of our customers. This segment continues to develop and we are pleased that these customers will now be served by SASCO.”

“The acquisition of Michelman’s Michem® Wood Release agents will advance PSG’s strategic goal of growing its product portfolio of functional materials for the construction industry,” Mike Ivany, President and CEO of PSG, added. “Specifically, this solidifies PSG and SASCO as a dedicated supplier to the engineered wood market and provides a platform to expand PSG’s presence into other technical and geographical areas.”

To ensure the smooth transition of current customers, Michelman will continue to manufacture the acquired products for PSG while the production capacity is ramped up at PSG production facilities.