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Business
BASF Divests Two Service Businesses
by Michael McCoy
March 10, 2014
| A version of this story appeared in
Volume 92, Issue 10
BASF is divesting two service-oriented operations. The German firm is selling the third-party business of its BASF Business Services unit to Tech Mahindra, an Indian provider of information technology services. BASF Business Services will then focus exclusively on BASF’s needs. Separately, BASF is selling PolyAd Services, a provider of polymer additive blends and services, to the private equity firm Edgewater Capital for an undisclosed sum. BASF says its remaining plastics additives business will focus on light stabilizers, antioxidants, and customer-specific blends.
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