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Materials

BASF Sells Wall Systems Company

by Michael McCoy
July 29, 2013 | A version of this story appeared in Volume 91, Issue 30

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Credit: Rockwool
Rockwool makes its rock wool insulation at this plant in Denmark.
Rockwool makes its rock wool insulation at this plant in Denmark.
Credit: Rockwool
Rockwool makes its rock wool insulation at this plant in Denmark.

BASF has sold its wall systems subsidiary to the Danish firm Rockwool for an undisclosed sum. The subsidiary posted $90 million in sales last year, mainly in Germany, of building facade insulation systems. The business is growing, BASF says, but doesn’t fit with its other activities. In contrast, Rockwool says the new unit fits well with its core business in rock wool, an insulation material made by spinning molten rock into a fiber.

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