PaintSquare.com


The First Word in Protective & Marine Coatings

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

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.

CHLOR*RID International Inc.
Free Webinar

Learn about soluble salts, along with a discussion on allowable levels.
More information at
www.chlor-rid.com,

800-422-3217


Abrasives Inc.
See the difference immediately Black Magic®

Quality blast abrasive goes farther. Use Black Magic® The Tough Stuff coal slag. Cleaner, consistent, less dust. Order yours today!
Abrasives Inc. 800-584-7524


NLB Corporation
Water Jets in Action

Video demo shows how
easily Vortex™ removes
coatings and more. Lawn-
mower-style unit strips
floors, ship decks, etc.
faster than hand lances,
while containing debris.


DeFelsko Corporation
PosiTector Dew Point Meter

Measures and records
environmental conditions
during surface prep and
painting. 4 Models
Available – Standard
or Advanced features,
Built-in or Separate probe.


Sherwin-Williams
Nova-Plate® 325

• Extends Service Life
• Single Coat Application
• Cure to Service in 24 Hours


Modern Safety Techniques
Modern Safety Techniques

With our unique LTCat, we can help to provide clean, safe breathing air to your workers. Take a look at our Breathing Air Systems, we supply at least twice as much charcoal as our competitors! Modern


Mohawk Garnet
Enska by Mohawk Garnet™

A safe, efficient and economical abrasive alternative to slag and sand products. More information
at 1.866.642.7638 or info@mohawkgarnet.com Email for follow up – mheilimo@mohawkgarnet.com

 
 
 
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