PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Register Now for D+D 2014

Paint and Coatings Industry News

Main News Page


BASF Closes Cognis Deal, Sees Greener Products

Friday, December 17, 2010

Comment | More

BASF has completed its $4.1 billion acquisition of German specialty chemicals company Cognis and says the deal will mean more, and greener, high-performance products for customers worldwide.

Cognis should be fully integrated into BASF by the end of 2011, the company said.

The deal will offer customers of the Performance Chemicals and Dispersions & Pigments divisions an expanded portfolio, BASF says. The acquisition will particularly expand BASF's portfolio with products based on renewable raw materials.

‘Boost Innovation’

"Cognis' and BASF's know-how and range of products complement each other very well. The combination will broaden our portfolio of specialty chemicals and boost innovation for our customers," said Dr. Jürgen Hambrecht, Chairman of BASF's Board of Executive Directors.

"Cognis will make an important contribution to the growth strategy of our Performance Products segment.”

BASF acquired Cognis from GS Capital, the private equity arm of Goldman Sachs, Permira Funds and SV Life Sciences. The acquisition received approval from the European Commission on Nov. 30, subject to BASF divesting several of Cognis' s businesses.

"Our highest priority is to ensure a smooth and seamless integration process while maintaining the highest standards of customer service and product quality," said Dr. John Feldmann, member of the Board of Executive Directors of BASF and responsible for the Performance Products segment. Most of Cognis' businesses will be integrated into the divisions of this segment.

Growth Goals

"Cognis will make an important contribution to the growth strategy of our Performance Products segment. We aim to grow two percentage points above the relevant markets and achieve an EBITDA margin of minimum 20% as of 2013. The businesses acquired from Cognis will help us to achieve these goals," said Feldmann.

BASF is the world’s leading chemical company, with sales of more than €50 billion (about $66 billion US) and about 105,000 employees at the end of 2009.

   

Tagged categories: BASF; Coatings raw materials manufacturers; Cognis; Methyl methacrylate; Raw materials

Comment Join the Conversation:

Sign in to our community to add your comments.

ITW Binks
Built for Tough Jobs

From Epoxies to Urethanes to other high solid coatings, the new Binks Airless 75 delivers a great finish using an ergonomic design. Visit binks.com for more information.


Fischer Technology Inc.
Gauges Meet IMO-PSPC & SSPC-PA2 Requirements

• USB or optional Bluetooth
• Custom inspection reports
• Excellent on edges & rough surfaces; Optimum accuracy
• Largest selection of probes to meet challenging situations
Call Fischer: 800-243-8417


U.S. Zinc

The proven corrosion protection properties of our zinc dust prolong the life of marine coatings. U.S. Zinc – Helping the world work™


Minerals Research & Recovery
PREMIUM SLAG ABRASIVES

Visit mrrinc.com In surface preparation tests run for NIOSH by an independent company, Sharpshot® was shown to be the best slag abrasive for cutting speed and cost per sq. ft.
Call Steve: 520-297-4626


Axxiom Manufacturing
Schmidt Improves Conversion Kits

Schmidt's conversion kits turn out-of-date blast pots into high quality, efficient blasters. Quick, easy to install with step by step instructions.
Call 1-800-231-2085


Advanced Recycling Systems
ADVANCED RECYCLING SYSTEMS (ARS)

Recycling Machines, Dust Collectors, Rapid Deployment units are time-tested and approved for the rugged industrial environment. Contact ARS today!
(330)536-8210


Elcometer, Inc.
Elcometer 106 Pull-Off Adhesion Tester

Portable, easy to operate; Provides numerical value for adhesion; Comes in carrying case - Ideal for site tests; No power supply necessary.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com