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BASF Signs Agreement to Acquire Albemarle’s Surface Treatment Business, Chemetall

Published on 2016-06-20. Author : SpecialChem

LUDWIGSHAFEN, Germany -- BASF has signed an agreement to acquire Albemarle’s global surface treatment business, Chemetall. The purchase price is USD 3.2 billion. The transaction is subject to approval by the relevant authorities and is expected to close by the end of 2016.

Fig. 1: BASF Signs Agreement to Acquire Albemarle’s Surface Treatment Business, Chemetall

Benefits of the Acquisition:

  • The global surface treatment business will complement BASF’s Coatings portfolio.
  • It will enhance BASF Coatings’ position as a complete solutions provider to global customers.

Chemetall is one of the global technology and innovation leaders in the metals surface treatment market, and is headquartered in Frankfurt, Germany. It has approximately 2,500 employees globally, and operates 21 production sites in more than 20 countries, as well as 10 R&D locations and 24 sales offices. For the full calendar year of 2015, its sales were $845 million.

Wayne T. Smith, member of the Board of Executive Directors of BASF SE, responsible for the Coatings division said:

Chemetall offers a strong strategic fit for our coatings business, and supports BASF’s aim to grow profitably in downstream, innovation and solution-focused businesses.

Chemetall develops and manufactures customized technology and system solutions for surface treatment. Their products protect metals from corrosion, facilitate forming and machining, allow parts to be optimally prepared for the painting process and ensure proper coating adhesion. These chemicals are used in a wide range of industries and end-markets, primarily automotive, aerospace, coil, and metal forming.

Markus Kamieth, President of BASF’s Coatings division said:

Chemetall complements our current portfolio by adding the highly attractive surface treatment business to our coatings offerings. 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.

About Albemarle

Albemarle Corporation, headquartered in Charlotte, North Carolina, is a premier specialty chemicals company with positions in attractive end markets around the world. With a broad customer reach and diverse end markets, Albemarle develops, manufactures and markets technologically advanced and high value added products, including lithium and lithium compounds, bromine and bromine derivatives and catalysts used in a wide range of applications including consumer electronics, flame retardants, metal processing, plastics, contemporary and alternative transportation vehicles, refining, pharmaceuticals, agriculture, construction and custom chemistry services.

About Chemetall

Chemetall was acquired by Albemarle as part of the acquisition of Rockwood Holdings in January 2015. The business operates under the Chemetall brand name and is one of the leading global suppliers of applied surface treatments and services for metal, plastic and glass substrates in a wide range of industries and end markets.

About BASF’s Coatings division

The coatings division of BASF is one of the global experts in the development, production and marketing of innovative and sustainable automotive OEM and refinish coatings, industrial coatings and decorative paints. It creates advanced performance solutions and drive performance, design and new applications to meet its partners’ needs all over the world. BASF shares skills, knowledge and resources of interdisciplinary and global teams for the benefit of customers by operating a collaborative network of sites in Europe, North America, South America and Asia Pacific. In 2015, the Coatings division achieved global sales of about €3.2 billion.

About BASF

BASF creates chemistry for a sustainable future. It combines economic success with environmental protection and social responsibility. The approximately 112,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of more than €70 billion in 2015. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

Source: BASF
 

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