BASF on April 22, 2016 signed an agreement to sell its global polyolefin catalysts business to W R Grace & Co. Currently, the polyolefin catalysts business is part of BASF’s catalysts division. BASF and Grace intend to complete the transaction in the third quarter of 2016.
The targeted transaction includes technologies, patents, trademarks and the transfer of BASF’s production plants in Pasadena (Texas) and Tarragona (Spain). It is intended that approximately 170 employees globally will also transfer to W R Grace.
The planned divestiture remains subject to the required consultation with employee representatives and certain regulatory approvals.
“This sale was the best course of action for both the Catalysts division and for the long-term interests of the Polyolefin Catalysts business and its employees. With this divestiture, we will continue to sharpen our focus on key growth areas, including our Chemical Catalysts and Refinery Catalysts businesses,” said Kenneth Lane, president, catalysts division, BASF.
BASF’s catalysts division, which is a supplier of environmental and process catalysts, offers expertise in the development of technologies that protect the air, produce the fuels and ensure efficient production of a wide variety of chemicals, plastics and other products, including advanced battery materials.
