AkzoNobel to buy BASF’s industrial coatings

BASF has agreed in principle to sell its industrial coatings segment to AkzoNobel for €475 million (£368 million). The deal includes technology, patents and brand trademarks, as well as related manufacturing sites in Deeside, UK, and Vanderbijlpark, South Africa.

Assuming it passes the relevant regulatory and employee consultation hurdles, the move will leave BASF’s coatings division with a narrower focus on automotive coatings and decorative paints, according to a company statement. 

Related Content

BASF boosts coatings with Chemetall buyout

22 June 2016 Business

news image

$3.2bn purchase from Albemarle continues BASF’s efforts to expand and refocus its coatings division

Business roundup

23 February 2012 Business

news image

Industry news, March 2012

Most Commented

Sweet tear sensor could ease pain of diabetes

29 June 2016 Research

news image

New non-invasive sensor could check blood glucose levels using tears

The sultan of synthesis

11 April 2014 Feature

news image

Phil Baran is spurring organic chemists to rethink how they make complex compounds, as Mark Peplow discovers