Issue Date: July 29, 2013
BASF Sells Wall Systems Company
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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