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German Cartel Office Approves Acquisition of Rhenania’s Coil Coatings Business by BASF Coatings

Published on 2005-11-04. Author : SpecialChem

Münster -- The German Federal Cartel Office has granted its approval for BASF Coatings AG in Münster to acquire the coil coatings business of Rhenania Coatings GmbH in Grevenbroich. The takeover was completed on Wednesday, November 2, when representatives of the two companies signed the agreement.

The contract covers the acquisition of products, technologies and customer order lists. Sites and manufacturing equipment are not included. In 2004, the coil coatings business of Rhenania Coatings GmbH had sales of about €8 million. Financial details of the agreement were not disclosed.

The acquisition allows BASF Coatings to strengthen its coil coatings business, which is of strategic importance to the company, and at the same time to expand its technology competence regarding the coating of aluminum. The technologies BASF is acquiring from Rhenania Coatings are applied mainly to aluminum bands supplied to the construction industry for further processing into structures that provide sun protection, for example.

Coil coatings are used to coat steel and aluminum coils employed in construction, transportation and the production of household appliances. It is a distinct application in which steel and aluminum bands are coated before being cut and shaped into panels. BASF holds a leading position in this global market.

BASF : A major international player in coatings

BASF Coatings AG belongs to the global Coatings Division of the BASF Group. In 2004 the Coatings Division achieved world sales of 2.0 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


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