16 October 2014
VIEW ARCHROMA CORPORATE PRESENTATION
DETAILS
a global leader in specialty chemicals for
paper and
emulsions sectors and
a portfolio company of US-based private investment firm
today announced that they have entered an agreement
to acquire the global textile chemicals business of BASF.
The business being acquired delivers products and technologies
across the entire textile chemicals spectrum,
with particular strength
in printing, finishing and coating chemicals segments.
The acquisition ideally
* complements Archroma’s textile dyes and chemicals portfolio
and geographical presence.
In addition, the acquisition will allow Archroma
* to reinforce its Textile Specialties team
with a global specialist team that
has an especially strong presence in
Asia and other high growth markets.
Both BASF’s and Archroma’s textile businesses
are headquartered in Singapore,
close to the highly developing Asian textile markets and customers.
The transaction comprises the global textile chemicals business,
as well as the legal entity
BASF Pakistan (Private) Ltd., Karachi.
About 290 positions globally are in the scope of the transaction,
of which approximately 230 are in Asia.
The transaction is subject to approval
by the relevant antitrust authorities
and the closing is expected to take place
by the end of the first quarter in 2015.
The parties have agreed
not to disclose the financial details of the transaction.
Alexander Wessels,
CEO of Archroma
“With this agreement, we are bringing together
the century-old history of
BASF textile chemicals products, technologies and people
with Archroma’s already strong heritage from
Hoechst, Sandoz and Clariant,”
“Archroma already acquired
49% of textile manufacturer M. Dohmen in May 2014,
illustrating our company’s determination
to become the preferred supplier in our industries.”
Thomas Winkler,
Archroma’s Textile Specialties President,
“We are looking forward to partnering with
the management and employees of
the BASF textile chemicals business.
I am convinced that together
we can build upon our strong technologies
and market positions with the same commitment to
customer focus, innovation, world-class quality standards,
high service levels, cost-efficiency and sustainability.”
WWW.CHEMWINFO.COM BY KHUN PHICHAI
