Global Polyurethane

简体中文 | 繁体中文

Home | News |AkzoNobel set to acquire BASF coatings division
AkzoNobel set to acquire BASF coatings division
Updated: 2016-02-19 12:47 Source: Market Report Company share:

BASF’s Coatings division is set to be sold to AkzoNobel for EUR475m.

The transaction will 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 finalise and sign detailed transaction documents in due course, however the transaction is subject to consultation with employee representatives and regulatory approval. The firms intend to complete the transaction by the end of 2016.

According to BASF, the industrial coatings business generated sales of approximately EUR300m in 2015.

Reprinted statement: This article is reprinted from other website,not representing the the stand of our website but the opinions of the original author, who reserves the copyright of this article. Please advise if any infringement. We will remove it as soon as possible.


About us | Service | Feedback | Terms of Privacy | Contact us

Tel:+8621-56526182, Fax:(+86)21-56525833,

Copyright 2012 All rights reserved.