17 February 2016
ABOUT BASF’s Coatings division
BASF’s Coatings division develops, produces and markets
innovative automotive coatings, automotive refinishes
and industrial coatings as well as decorative paints.
We operate sites in Europe, Asia Pacific, North America
and South America. Within this network, we collaborate closely
with our customers all over the world.
In 2014, the Coatings division achieved
global sales of about €3 billion.
More information about the division
is available at www.basf-coatings.com.
DETAILS
have reached a general agreement on the sale of
the industrial coatings business of BASF’s Coatings division
to AkzoNobel for €475 million.
The transaction would include technologies,
patents and trademarks, as well as
the transfer of two dedicated production sites,
* one in Deeside, England, and
* one in Vanderbijlpark, South Africa.
BASF and AkzoNobel intend to finalize and sign
detailed transaction documents in due course.
The planned transaction is subject to the required consultation
with employee representatives and certain regulatory approvals.
BASF and AkzoNobel intend to complete the transaction
by the end of 2016.
Contact BASF
- Holger Kapp
- Media Relations
- +49 621 60-41040
- Send Mail
- Jörg Zumkley
- +49 2501 14-3453
- Send Mail
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