Did BASF sell construction chemicals?
On September 30, 2020, effective at midnight, BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm.
Where is BASF in the US?
BASF in the United States Our North American headquarters building, located in Florham Park, NJ, is a live demonstration of BASF innovation in action, and is an example of our fundamental commitment to sustainability.
What chemicals does BASF produce?
BASF produces a wide range of chemicals such as solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals, and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile, and automotive industries.
Who bought BASF Construction Chemicals?
Sika
Sika will acquire MBCC Group, the former construction chemical arm of BASF, for $5.9 billion from the venture capital firm Lone Star Funds. Lone Star bought the business from BASF in 2020 for about $3.6 billion. MBCC is set to post sales of $3.1 billion for 2021.
Who is buying BASF?
ZURICH, Nov 11 (Reuters) – Swiss chemicals company Sika has agreed to buy MBCC Group for 5.5 billion Swiss francs ($6 billion) to boost its position in sustainable building, making its biggest ever acquisition in the fragmented $70 billion construction chemicals sector.
Has BASF been sold?
November 18, 2021 – BASF and KaMin LLC. / CADAM S.A. (KaMin) have signed an agreement to sell BASF’s kaolin minerals business to KaMin, a global performance minerals company headquartered in Macon, Georgia, United States. Currently, the kaolin minerals business is part of BASF’s Performance Chemicals division.
How many locations does BASF have in the US?
Throughout North America, BASF Corporation operates more than 100 production and research and development sites as well as Verbund sites in Geismar, Louisiana and Freeport, Texas.
How many BASF locations are there?
We operate six Verbund sites as well as 361 additional production sites in more than 90 countries.
Is BASF an American company?
About BASF Corporation. BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 16,700 employees in North America and had sales of $25.9 billion in 2021. At BASF, we create chemistry for a sustainable future.
What does BASF chemical company do?
At BASF, we create chemistry – and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, we combine economic success with environmental protection and social responsibility.
Did Sika buy Master Builders?
ZURICH, Nov 11 (Reuters) – Swiss chemicals company Sika has agreed to buy MBCC Group for 5.5 billion Swiss francs ($6 billion) to boost its position in sustainable building, making its biggest ever acquisition in the fragmented $70 billion construction chemicals sector.
Is BASF being sold?