BASF Coatings has agreed to sell its powder business for home appliances, heating and pipe coatings to Arsonsisi S.p.A., the powder-coatings branch of the Junghanns Group, effective April 1. The transaction encompasses technology, customer lists and the Verbania powder-coatings plant that currently employs 63. Customers who currently purchase both liquid and powder technologies will be henceforth jointly supplied by BASF and Arsonsisi. Both companies will work together during the transition phase to support the customers. BASF will continue and further strengthen its business with liquid coatings for industrial applications. The agreement with Arsonsisi does not include BASF's powder coatings for light vehicles and commercial transportation. BASF will continue to supply these customers with products of its own technology produced under a tolling agreement with Arsonsisi. The powder merchandise from Relius Coatings is also not affected by the agreement.
BASF to sell powder business for home appliances, heating and pipe coatings
By Tim Wright
Published March 4, 2009
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