Haitian Banner 1170 100-01

Tags

SIG11056 Online Banner 368 150px RZ

Logo KEBO 4f Injection CH-1

Shows
10. - 12. March 2019
Asiamold
Guangzhou, China
12. - 14. March   2019
ICE Europe
Munich, Germany
12. - 16. March 2019
Koplas
Goyang, Korea
Have some relevant information to share? Send a message to info@smart-molding.com — we are always happy to discuss!

KOPLAS-2019 Web banner 368x90 Eng

AOG19-368x90px-eng

Rosmouldnew368x90-eng

FISA 170913 banner01 moulesGB

A deal to complement engineering plastics portfolio

News 07.02.2019

Today, the EU Commission has granted conditional clearance for BASF to acquire Solvay’s polyamide business. This approval is an important milestone for the transaction. Closing is expected in the second half of 2019 after all remaining closing conditions have been fulfilled, including the sale of a remedy package to a third party.

During the approval process in Europe BASF made commitments to address the competition concerns of the EU Commission. They require divesting parts of the original transaction scope to a third-party buyer, namely manufacturing assets and innovation capabilities of Solvay’s polyamide business in Europe. The divestment process started in Q4 2018.

The polyamide businesses to be acquired in the Americas and in Asia are not affected by the commitments.

BASF will achieve key strategic objectives from the acquisition and strengthen its polyamide 6.6 business significantly. The acquisition will complement BASF’s engineering plastics portfolio, enhance the access to key growth markets in Asia and South America as well as strengthen the value chain through backward integration into key raw materials such as ADN (adipodinitrile).
 
About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The more than 115,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of more than €60 billion in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS).

Our website makes use of cookies to ensure we give you the best experience on our website.
By continuing browsing on our website you give your consent to our use of cookies.