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BASF Coatings to acquire Foil Coatings business from Treffert Group outside of Germany

Published on 2004-04-08. Author : SpecialChem

 

BASF Coatings will acquire the global Foil Coatings business from the Treffert Group. Treffert, however will retain its Foil Coatings business in Germany. In a separate transaction, Treffert has agreed to acquire the Fiber Board Coating business from BASF Coatings’ affiliates in Spain and Italy. The financial terms of both are not disclosed.

At the end of February, BASF Coatings and the Treffert Group had announced the signing of Sales and Purchase Agreements for two transactions. Following new considerations, BASF Coatings will now only acquire Treffert's Foil Coatings business outside of Germany while Treffert will focus its respective activities on Germany and selected international markets. The second transaction, Treffert’s acquisition of BASF's Fiber Board Coatings business is not affected by this change.

Foil coatings are applied by a continuous reel to reel process to decorative papers. Coatings for composite fibre boards are applied on Medium Density Fiber board and similar substrates and can be printed to reproduce the wood design. Both systems are used to produce furniture and panels for walls, doors and profiles.

BASF: A major international player in coatings

BASF Coatings AG belongs to the global Coatings Division of the BASF Group. In 2003, the Coatings Division achieved world sales of about 2 billion euros. The Coatings Division develops, produces and markets a high-quality range of innovative automotive OEM coatings, automotive refinishes and industrial coatings as well as decorative paints, and also the processes needed to apply them. In this business, eco-efficient water-based, powder and high-solids coatings as well as radiation-curable systems play a special part. In Brazil, the company has been successful in the decorative paints market for years and holds the leading position. BASF has a major, global presence in the Coatings sector, with significant market positions in Europe, North America, South America and the Asia/Pacific region, for example with affiliates in Australia, China, India, Japan, and the Philippines.

Source: BASF Coatings


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