The decorative paints business of Relius in the Netherlands is not part of the transaction. BASF is currently negotiating the sale of this part of the Relius Coatings business. The industrial coatings business of Relius Coatings at the Oldenburg site in Germany is also not affected and will remain part of BASF.
"Relius Coatings has a very experienced team, state-of-the-art sites and well established brands. We are confident that this business can have a successful perspective at Prosol that has its core competencies in construction paints," said Markus Kamieth, president of BASF's coatings division.
Prosol is a leading wholesale company for paints and coatings. The company was founded in 1949 and employs 500 employees at 40 sites. The product range comprises decorative paints, automotive refinish paints, industrial coatings and wood coatings of leading manufacturers.