BASF Sells Wall Systems Company | Chemical & Engineering News
Volume 91 Issue 30 | p. 18 | Concentrates
Issue Date: July 29, 2013

BASF Sells Wall Systems Company

Department: Business
Keywords: insulation, construction, rock wool
[+]Enlarge
Rockwool makes its rock wool insulation at this plant in Denmark.
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

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.

 
Chemical & Engineering News
ISSN 0009-2347
Copyright © American Chemical Society

Leave A Comment

*Required to comment