 "BASF acquire Albemarle's surface treatment business Chemetall for 3.2 bn")
BASF has agreed to Albemarle’s global surface treatment business, Chemetall, for $3.2 billion. The Frankfurt (Germany) headquartered Chemetall is a global technology and innovation company in the metals surface treatment market. The company, which recorded sales of $ 845 million in 2015, operates 21 production sites in more than 20 countries, as well as 10 R&D locations and 24 sales offices.
“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,” said Wayne Smith, member of the board of executive directors of BASF SE, responsible for the coatings division.
Chemetall develops and manufactures customised technology and system solutions for surface treatment. Its 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.
“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,” said Markus Kamieth, president of BASF’s coatings division.
“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,” said Wayne Smith, member of the board of executive directors of BASF SE, responsible for the coatings division.
Chemetall develops and manufactures customised technology and system solutions for surface treatment. Its 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.
“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,” said Markus Kamieth, president of BASF’s coatings division.