Covestro LLC has agreed to purchase the Bayer Corp.’s Robinson Township campus, which is home to Covestro’s U.S. headquarters. The change in ownership is planned for Dec. 31, 2020.
Covestro has about 750 employees at the campus, which includes sales and marketing, administrative, and research and development functions. Bayer separated its material science business, rebranded Covestro, in 2015.
“Not only does Pittsburgh share our passion for innovation and sustainability, but this region also offers a number of strategic advantages to help grow our business — access to world-class talent, a thriving innovation community and a strong customer base,” Covestro President Haakan Jonsson said, in a statement.
"With this purchase, we’ll reinforce our commitment to the region that has served us well for more than six decades,” he added. “Our employees are as much a part of the Pittsburgh community as it is a part of Covestro — and we couldn’t be more proud to continue building our future here.”
Covestro LLC produces high-performance polymers in North America and is part of the global Covestro business, which is among the world’s largest polymer companies with 2018 sales of EUR 14.6 billion. Covestro has 30 production sites worldwide and employed approximately 16,800 people at the end of 2018.