23 March 2017
ABOUT BASF'S LEATHER CHEMICALS
DETAILS
Stahl announced that it signed an agreement
with BASF to acquire
its Leather Chemicals assets,
which is part of BASF Performance Chemicals Division.
BASF will receive 16% of the equity of Stahl,
which is a leading company in process chemicals
for leather and performance coatings.
The company intends to take over
all activities of BASF Leather Chemicals business,
including a manufacturing site in Spain
and approximately 210 employees.
By combining forces of these two leading chemical companies,
Stahl aims at strengthening its competitive position
and improve sustainability in the industry.
Huub van Beijeren,
CEO of Stahl
“These are exciting and challenging times
for the chemical industry
in terms of sustainability and innovation.
We believe we can only make a real difference
if we can work on a large scale within the industry”,
“The signing of this agreement enables us
to accelerate the process of creating
a more transparent sustainable supply chain
as we share the same vision
on reducing the environmental footprint
linked to our activities”.
Equally important, the synergy advantages
are numerous and will lead
to new market opportunities for Stahl.
“By combining our forces, we will have
an even stronger product portfolio
with more innovative solutions enabling us
to serve our global clients even better”.
BASF and Stahl have signed an agreement
on Wednesday, March 22, 2017
to combine
BASF’s leather chemicals business
with Stahl Group.
The transaction is subject to approval
by the relevant authorities
and the closing is expected to take place
in the fourth quarter of 2017.
Michael Heinz,
Member of the Board
of Executive Directors of BASF SE
“This partnership is the right step
for BASF’s successful leather chemicals business,”
“With complementary strengths, BASF and Stahl
are creating a leading company
in leather chemicals
with a strong focus on innovation.”
Dr. Christian Fischer,
President Performance Chemicals
“Our customers will benefit as together
we can leverage unparalleled strength
in production, technical expertise, innovation
and sustainability along
the entire leather-making value chain,”.
Business media
Thomas Nonnast
Phone: +49 30 206 2950-34
thomas.nonnast@basf.com
Trade media
Erik S. Meyers
Phone: +49 621 60-47527
erik.meyers@basf.com
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