Bayer MaterialScience LLC has agreed to sell its global powder polyester resins business and its U.S.-based liquid polyester resins merchant business to Stepan Company. The sale is scheduled to be completed by June 1. Financial terms were not disclosed. Both Bayer businesses are located in Columbus, GA. The 45 Bayer employees who work at the Columbus facility will be offered the opportunity to become Stepan employees. “The divestiture allows us to focus on our core competencies,” said Dani...