BASF has signed a contract to sell its Vinuran PVC modifier business to Kaneka Belgium N.V., a subsidiary of Kaneka Corporation, Japan. The transaction comprises intangible assets and inventory. It does not include a transfer of the production assets or employees in Ludwigshafen. Subject to approval by the relevant antitrust authorities, the closing of the transaction is expected to take place during the first quarter of 2014. The parties have agreed not to disclose the purchase price or any further financial details.
The acrylate-based Vinuran PVC modifier business is not a core business for BASF. The transaction allows BASF to focus on growth of its acrylate-based dispersions portfolio. The deal represents a good strategic fit for Kaneka and will enable Kaneka to expand its services to the PVC processing industry.
Vinuran products are PVC modifiers based on acrylate that improve impact resistance and processing properties in transparent and opaque PVC applications. Vinuran-modified PVC grades are suitable for the production of dimensionally stable, weatherproof panels, films and profile sections frequently used in the construction sector.
BASF to Divest Vinuran PVC Modifier Business to Kaneka
Published December 6, 2013
Related Breaking News
- Axalta Schedules Fourth Quarter and Full Year 2014 Results Conference Call
- Axalta Supports Education by Partnering with Pardada Pardadi Education Society in India
- Axalta Shares a Macomb/St. Clair Michigan Works Success Story with Macomb County Commissioners
- IRL Releases Profile of the Chinese Paint Industry
Related Paint & Coatings Manufacturer News