BASF Coatings Spa Sells Production Site in Burago Molgora to Alcea Industries
October 5, 2010
BASF Coatings Spa has sold its Italian production site in Burago Molgora for the manufacturing of industrial coatings to Alcea Industries Srl, effective October 1, 2010. In addition to the manufacturing facility for liquid paint in Burago Molgora, the transaction encompasses the business of BASF Coatings Spa in Italy with anodic, electrodisposition coatings for home appliances, heating and general industry and liquid paints for automotive supply metal (ASM) as well as the related customer portfolio. Employees working in these businesses will transfer to Alcea Industries Srl which is part of Alcea Group. BASF’s customers for anodic technology and ASM will be supplied by Alcea. The agreement with Alcea Industries Srl includes a distribution contract for cathodic technology and a license agreement related to liquid paints for automotive supplier metal (ASM) and commercial transport (CT). BASF’s business in Italy for automotive OEM coatings and refinish coatings are not affected by the transaction. BASF will also continue to market and to grow Salcomix brand and products for small industry. Employees working in the refinish and OEM coatings businesses will relocate from Burago to BASF’s site in Cesano Maderno (MB) in 2011.