BASF has announced the successful completion of its acquisition of Engelhard Corporation. As a result of the transaction, Engelhard is a wholly owned subsidiary of BASF.
“Together with the Engelhard team we have started the integration process in which our customers continue to be the key priority,” said Dr. Jürgen Hambrecht, chairman of the board of executive directors of BASF. “Our goal is to make Engelhard an integral part of BASF
to leverage both companies’ strong talent, technology and unique
applications expertise. Integration teams consisting of BASF and Engelhard employees will assess the combined business needs.”
He continued, “Our customers will benefit from the accelerated
development of products with superior performance through the combined R&D capabilities of our companies.”