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BASF has sold its photoinitiators business to IGM Resins, a supplier of radiation-curable materials owned by the private equity firm Arsenal Capital Partners. The deal, which affects about 120 BASF employees globally, includes a production site in Mortara, Italy. BASF says the sale will allow it to focus on radiation curable resins and additives for coatings, inks, and adhesives. BASF will retain a portfolio of “strategic” photoinitiators used in electronics.
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