TAGS: Automotive Coatings
The Surface Treatment global business unit of the Coatings division of BASF, operating under the Chemetall brand, has closed its acquisition of the automotive paint detackification business of Polymer Ventures, Inc., including all of its shares of Galaxy Chemical Corporation.
Paint Detackification Technology
The paint detackification technology is a process used to capture and neutralize paint overspray. It complements Chemetall’s surface treatment products which are designed to optimally prepare metal surfaces for the painting process and ensure proper coating adhesion. The transaction culminates a long-standing partnership between the two organizations whose customer portfolios fully align.
The purchase provides customers with best-in-industry value: by streamlining the combined supply chain; enhancing service through the organizations’ mutual commitment to meeting technical requirements with expanded in-field representation and industry specialists; new products through global R&D resources, and stronger manufacturing and processing capabilities.
Furthermore, the combined business represents a significant growth opportunity for employees, customers and suppliers. Chemetall through this acquisition is in the best position to offer a complete-system market approach with technically advanced and complementary product portfolio to the industries it serves.
Source: Chemetall