ChemDesign Group Sold to Bayer AG
ChemDesign Group is sold to Miles Corporation, a wholly-owned subsidiary of Bayer AG. Richard E.T. Brooks, founder, chairman, and CEO states, “Miles and its parent, Bayer, are two of the premier chemical firms in the world, and this merger presents an outstanding opportunity for ChemDesign to enhance its position as the leading fine chemical companies in the United States.”
ChemDesign Products Becomes Independent
In 2001, H.I.G. leads the acquisition of the Company from Bayer AG, creating ChemDesign Products. ChemDesign replaces $16 million of legacy Bayer business with custom and proprietary product sales.
Planning for Tommorrow
ChemDesign provides fine and specialty chemical manufacturing services. The plan for the future is to grow organically in the toll manufacturing arena while reviewing strategic acquisition opportunities.