BASF ADDS ITWC'S SYSTEMS OPERATION IN US

摘要

Malcom, Iowa - When BASF Corp. came knocking on ITWC Inc.'s door with an offer to buy the polyure-thane chemicals business, Walt Smith wasn't quite ready to sell. He listened anyway. After all, he figured, companies like BASF don't come calling very often. The more they talked, the more Smith realised the time was right to let the company grow under a new owner. The 64-year-old chairman and majority owner of ITWC and Thombert Inc. sold ITWC to BASF in early July for an undisclosed amount. The deal was good for Smith, ITWC and its employees, and BASF, he said.