PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

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.

SSPC: The Society for Protective Coatings
http://www.sspc.org/

Join SSPC and Enhance
Your Career !


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Commercial Sand Blasting & Painting Ltd.
Reliable Service & Superior Workmanship

We’re ready to meet any of your protective coating and lining needs. We can work on your site or in our facilities, with large shops (60,000 sq ft), 40 acres of yard space, and cranes and forklifts on site.


Binks/DeVilbiss
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.


Clemco Industries Corp.
Powerful Protection in a Small Package

Mounts inside blast helmet, alerts operator to dangerous breathing-air condition by audible, visual, and vibratory alarms. Easily calibrated, battery operated.


Fischer Technology Inc.
MP0R with rotating display screen

Automatic rotating display screen just like your smart phone. Click for Video
Call 800-243-8417


Novetas Solutions
Number 1 Crushed Glass Abrasive in America!

6 NEW plants coast to coast! Safe for environment, 100% recycled glass. White Metal Finish! No unsafe toxins like Beryllium & Arsenic!
Call 866-775-6226


Armakleen Company, The
ARMEX when nondestructive cleaning is critical

The gentle physical propriety of baking soda but yet aggressive cleaning ability is what makes ARMEX the only choice for nondestructive abrasive blasting.


Abrasives Inc.
Need abrasives FAST?

Emergencies happen – who bails you out? One call to Abrasives Inc. and it's taken care of. Period. Sales support available 24/7.
800-584-7524


Sidewinder/Persyst Enterprises, Inc.
The Sidewinder Model M2 Solvent Recycler

Combat the rising cost of gunwash, thinners, acetone & more while drastically reducing waste disposal coat.

 
 
 
Technology Publishing

The Technology Publishing Network

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

 
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 2000-2015, 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