The acquisition of resins manufacturer Johnson Polymer by BASF was closed on July 1, 2006. The acquisition includes Johnson Polymerís production sites in the U.S. and the Netherlands, as well as technical centers and offices in Asia Pacific. It provides BASF with a range of water-based resins that complements its existing resins portfolio and will strengthen the companyís market presence, in particular in North America. The former Johnson Polymer business, which employs a total staff of 430 worldwide, will become part of BASFís Performance Chemicals division.
ďThis acquisition opens up new areas for innovation in a profitable and fast-growing segment of our specialty business. We will now proceed to integrate Johnson Polymerís resins business quickly into our existing performance chemicals operations,Ē said BASF board member Andreas Kreimeyer. ďOur team is looking forward to welcoming their new colleagues and working together to develop products and technologies that will help to make our customers more successful,Ē added Patrick Prťvost, president of BASFís Performance Chemicals division.