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Broaden engineering plastics business areas and drive innovative solutions
Helps BASF further enter into growth markets in Asia and South and North America
Strengthening the polyamide 6.
On January 31, 2020, BASF completed the acquisition of Solvay's polyamide (PA 6.
"Our customers will greatly benefit from BASF's broader product portfolio, stronger regional presence and more reliable supply
The deal between Solvay and BASF includes a total of eight Solvay production sites in Germany, France, China, India, South Korea, Brazil and Mexico, as well as R&D centers and technical consulting centers in Asia, North and South America
After the transaction closes, approximately 700 Solvay employees will join BASF
In September 2017, BASF and Solvay signed an agreement to acquire Solvay's overall polyamide business, subject to approval by the relevant regulatory authorities
Broaden engineering plastics business areas and drive innovative solutions
Helps BASF further enter into growth markets in Asia and South and North America
Strengthening the polyamide 6.
Broaden engineering plastics business areas and drive innovative solutions
Helps BASF further enter into growth markets in Asia and South and North America
Strengthening the polyamide 6.
Broaden engineering plastics business areas and drive innovative solutions
Broaden engineering plastics business areas and drive innovative solutions
Broaden engineering plastics business areas and drive innovative solutionsHelps BASF further enter into growth markets in Asia and South and North America
Helps BASF further enter into growth markets in Asia and South and North America
Helps BASF further enter into growth markets in Asia and South and North AmericaStrengthening the polyamide 6.
Strengthening the polyamide 6.
Strengthening the polyamide 6.
"Our customers will greatly benefit from BASF's broader product portfolio, stronger regional presence and more reliable supply
.
This acquisition represents a firm commitment to our global polyamide business
.
" Member of the Executive Board of BASF Europe Wayne T.
Smith said
.
On January 31, 2020, BASF completed the acquisition of Solvay's polyamide (PA 6.
6) business
.
With this transaction, BASF expands the strength of its polyamide business by bringing well-known innovative products such as the Technyl® brand under its umbrella
.
BASF is able to provide customers with better engineering plastics solutions, for example in the fields of autonomous driving and electric mobility
.
The deal also gives BASF better access to key growth markets in Asia, North and South America
.
By integrating the key upstream raw material adiponitrile (ADN), BASF will strengthen the polyamide 6.
6 value chain as a whole and improve supply reliability
.
The purchase price paid by BASF for this transaction on a cash and debt-free basis amounted to EUR 1.
3 billion; the Solvay-related business acquired by BASF had sales of approximately EUR 1 billion in 2018
.
The business will be integrated into BASF's Performance Materials and Monomers business units
.
"Our customers will greatly benefit from BASF's broader product portfolio, stronger regional presence and more reliable supply
.
This acquisition represents a firm commitment to our global polyamide business
.
" Member of the Executive Board of BASF Europe Wayne T.
Smith said
.
.
This acquisition represents a firm commitment to our global polyamide business
.
" Member of the Executive Board of BASF Europe Wayne T.
Smith said
.
Wayne T.
Smith said
.
The deal between Solvay and BASF includes a total of eight Solvay production sites in Germany, France, China, India, South Korea, Brazil and Mexico, as well as R&D centers and technical consulting centers in Asia, North and South America
.
In addition, the transaction also includes stakes in two French joint ventures, namely: Solvay's 50% stake in Butachimie, its joint venture with INVISTA, which produces adiponitrile (ADN) and hexamethylene bisulfite.
Amines (HMD); and a 51% stake in Alsachimie, a new joint venture between BASF and DOMO Chemicals, which mainly produces adipic acid
.
The deal between Solvay and BASF includes a total of eight Solvay production sites in Germany, France, China, India, South Korea, Brazil and Mexico, as well as R&D centers and technical consulting centers in Asia, North and South America
.
In addition, the transaction also includes stakes in two French joint ventures, namely: Solvay's 50% stake in Butachimie, its joint venture with INVISTA, which produces adiponitrile (ADN) and hexamethylene bisulfite.
Amines (HMD); and a 51% stake in Alsachimie, a new joint venture between BASF and DOMO Chemicals, which mainly produces adipic acid
.
After the transaction closes, approximately 700 Solvay employees will join BASF
.
Alsachimie, a joint venture between BASF and DOMO Chemicals in France, has about 650 employees, and Butachimie, a joint venture between BASF and INVISTA, has about 400 employees
.
In September 2017, BASF and Solvay signed an agreement to acquire Solvay's overall polyamide business, subject to approval by the relevant regulatory authorities
.
On January 18, 2019, the European Commission approved BASF’s acquisition of the polyamide business, subject to relevant conditions, requiring the divestiture of part of the original transaction scope, namely the production units and innovation capabilities of Solvay’s polyamide business in Europe.
to third-party buyers
.
Domo Chemical, headquartered in Leuna, Germany, has been approved by the European Commission as a buyer
.
Solvay and Domo Chemical also completed the transaction on January 31, 2020
.
After the transaction closes, approximately 700 Solvay employees will join BASF
.
Alsachimie, a joint venture between BASF and DOMO Chemicals in France, has about 650 employees, and Butachimie, a joint venture between BASF and INVISTA, has about 400 employees
.
In September 2017, BASF and Solvay signed an agreement to acquire Solvay's overall polyamide business, subject to approval by the relevant regulatory authorities
.
On January 18, 2019, the European Commission approved BASF’s acquisition of the polyamide business, subject to relevant conditions, requiring the divestiture of part of the original transaction scope, namely the production units and innovation capabilities of Solvay’s polyamide business in Europe.
to third-party buyers
.
Domo Chemical, headquartered in Leuna, Germany, has been approved by the European Commission as a buyer
.
Solvay and Domo Chemical also completed the transaction on January 31, 2020
.
