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Specialty Chemicals
BASF finds private equity buyer for construction chemicals
by Michael McCoy
January 3, 2020
| A version of this story appeared in
Volume 98, Issue 1
Credit: BASF
Technicians in a BASF construction chemicals lab in Mumbai
Completing a yearlong auction process, BASF has agreed to sell its construction chemical business to the private equity firm Lone Star for about $3.6 billion. With more than 7,000 employees and annual sales of about $2.8 billion, the business produces chemicals and other materials used in the construction industry. BASF is also in the process of selling another noncore business—pigments—to Japan’s DIC for $1.3 billion.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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