Nip Impressions logo
Sat, Dec 4, 2021 00:29
Click here for Pulp & Paper Radio International
Subscription Central
Must reads for pulp and paper industry professionals
My Profile
Management Side

BASF to sell global pigments business to DIC

BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF's global pigments business. The purchase price on a cash and debt-free basis is Euro 1.15 billion. The transaction is expected to close in the 4Q 2020. The divestiture is subject to the approval of the relevant competition authorities.

DIC is a Japanese company listed at the Tokyo Stock Exchange with about 20,000 employees globally. The company headquartered in Tokyo was founded in 1908, is active in more than 60 countries and generated sales of approximately 800 billion yen in 2018.

BASF's pigments business with around 2,600 employees globally generated sales of approximately Euro 1 billion in 2018.


 Related Articles:


Powered by Bondware
News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: