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Mergers & Acquisitions
US regulators force DIC to sell US plant to buy BASF pigment business
by Craig Bettenhausen
February 27, 2021
| A version of this story appeared in
Volume 99, Issue 7
To gain approval from the US Federal Trade Commission for its $1.4 billion acquisition of BASF’s pigment business, announced in August 2019, Japan’s DIC will sell its pigment plant in Bushy Park, South Carolina. The sale of the facility, operated by DIC’s Sun Chemical subsidiary, will incur a loss of $83 million, DIC says. DIC and BASF plan to close the deal later this quarter if they can clear the regulatory hurdles.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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