BASF splashes $3.2bn on Chemetall
21 Jun 2016
BASF has bought a German-based surface treatment business from US specialty chemicals company, Albemarle.
The company said its $3.2bn (£2.17bn) purchase of Chemetall would boost its coatings portfolio.
With 21 production sites worldwide and 2,500 employees, Chemetall is a global supplier of applied surface treatments and services for metal, plastic and glass substrates across a wide range of industries.
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
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,” said Markus Kamieth, president of BASF’s coatings division.
“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.”
Chemetall was acquired by Albemarle as part of the acquisition of Rockwood Holdings in January 2015.
Its sale to BASF is subject to regulatory approval, and is expected to close by the end of 2016.
