17 June 2016
Chemetall is a global technology and innovation leader
in the metals surface treatment market,
and is headquartered in Frankfurt, Germany.
It has approximately 2,500 employees globally,
and operates 21 production sites
in more than 20 countries, as well as
10 R&D locations and 24 sales offices.
For the full calendar year of 2015,
its sales were $845 million.
DETAILS
- Leading global surface treatment business
will complement BASF’s Coatings portfolio - Acquisition will significantly enhance
BASF Coatings’ position
as a complete solutions provider
to global customers
BASF has signed an agreement to acquire
Albemarle’s global surface treatment business,
The purchase price is $3.2 billion.
The transaction is subject to approval
by the relevant authorities
and is expected to close by the end of 2016.
Wayne T. Smith,
Member of the Board of Executive Directors
of BASF SE, responsible for the Coatings division
“Chemetall offers a strong strategic fit
for our coatings business,
and supports BASF’s aim to grow profitably
in downstream, innovation and solution-focused businesses,”
Markus Kamieth,
President of BASF’s Coatings division
“Chemetall complements our current portfolio
by adding the highly attractive surface treatment business
to our coatings offerings.
We look forward to joining forces with
Chemetall’s industry-leading expert team
to further advance innovation and
know-how-driven surface technologies
for our customers around the world,”
Contact BASF
Joseph M. Jone
- Jennifer Moore-Braun
- +49 621 60-99123
- Send Mail
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