PARSIPPANY, NJ, Aug. 29, 2019 (Press Release) -DIC Corporation, has entered into a definitive agreement to acquire BASF’s global pigments business, known as BASF Colors & Effects (BCE).
The acquisition will broaden DIC’s portfolio as a global manufacturer of pigments, including those for electronic displays, cosmetics, coatings, plastics, inks and specialty applications, by creating a world-class pigments supplier that offers customers an even wider range of versatile solutions.Read more
LUDWIGSBURG, Germany, Aug. 29, 2019 (Press Release) -BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is €1.15 billion. The transaction is expected to close in the fourth quarter of 2020. The divestiture is subject to the approval of the relevant competition authorities.Read more
REINACH, Switzerland , July 8, 2019 (Press Release) -Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that Archroma India Private Limited and BASF India Limited (BIL) have signed an agreement for the acquisition by Archroma of BASF’s stilbene-based OBA (optical brightening agents) business for paper and powder detergent applications.
The transaction includes BASF’s manufacturing unit at Ankleshwar, India, where approximately 100 people are currently employed.Read more
In its constitutive meeting, the new Supervisory Board of BASF SE has confirmed Dr. Jürgen Hambrecht as Chairman of the Supervisory Board. The Supervisory Board elected Franz Fehrenbach and Sinischa Horvat as Vice Chairmen.Read more
NEW YORK, Feb. 6, 2019 (Business Wire) -The Valence Group advised Solenis on its combination with BASF of their paper and water chemical businesses. The combined company will have pro-forma sales of around $3 billion and intends to operate under the Solenis brand. The new combination is positioned to provide expanded chemical offerings and cost-effective solutions for customers in pulp, paper, oil and gas, chemical processing, mining, biorefining, power, municipal and other industrial markets.Read more