BASF to acquire Chemetall
The largest chemical producer in the world, BASF, is set to acquire global surface treatment company Chemetall.
The purchase price is $3.2 billion, subject to approval by authorities, and should close by the end of this year.
Chemetall is a leader in technology and innovation in the metals surface treatment sector, with around 2,500 employees around the world, and operating in 21 sites across 20 countries. The company also has 10 R&D locations and 24 sales offices. During 2015, sales peaked at $845 million.
Wayne T. Smith, Member of the Board of Executive Directors of BASF SE, responsible for the Coatings division, said of the acquisition: “Chemetall offers a strong strategic fit for our coatings business, and supports BASF’s aim to grow profitably in downstream, innovation and solution-focused businesses."
Markus Kamieth, President of BASF’s Coatings Division, added: “Chemetall complements our current portfolio by adding the highly attractive surface treatment business to our coatings offerings. We look forward to joining forces with Chemetall’s industry-leading expert team to further advance innovation and know-how-driven surface technologies for our customers around the world."
Chemetall develops and manufactures customised technology and system solutions for surface treatment. Its products protect metals from corrosion, facilitate forming and machining, allow parts to be optimally prepared for the painting process and ensure proper coating adhesion. These chemicals are used in a wide range of industries and end-markets, primarily automotive, aerospace, coil, and metal forming.