Honeywell, BASF swap units.(News)(Honeywell Inc. to sell engineering resins business to BASF AG in exchange for BASF's nylon fibers unit and cash) From: Plastics News | Date: January 20, 2003 | COPYRIGHT 2003 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Frank Esposito

In a swap of cash and assets, Honeywell Inc. is selling its engineering resins business to BASF AG in exchange for BASF's nylon fibers unit and $90 million cash.

Honeywell's engineering resins unit - which posted sales of $350 million last year - consists of nylon 6 and polyester resins and compounds. BASF now acquires a nylon resin and compounding line in Chesterfield, Va., as well as a 125-employee nylon compounding plant in Sparta, T...