India Limited has entered into an agreement to divest its stilbene-based Optical Brightening Agents (OBA) business for paper and powder detergent applications to Archroma India Private Limited.
The transaction includes the stilbene-based OBA product portfolio and the manufacturing unit at Ankleshwar, India. The transaction is expected to be completed in the fourth quarter of 2019 subject to applicable regulatory approvals.
“Archroma is a global leader in color and specialty chemicals. Ensuring a smooth transition of our customers, suppliers and employees to Archroma will be a priority” said Narayan Krishnamohan, managing director, BASF India Limited.
The stilbene-based OBA product portfolio and the respective manufacturing unit is part of BASF’s Care Chemicals division. The specialty optical brightener technology Tinopal CBS which BASF manufactures at its production site in Monthey, Switzerland, will remain core to BASF’s Home Care and Industrial & Institutional Cleaning portfolio and is not in the scope of the divestiture.
“With the divestiture we will focus our efforts and resources on meeting the growing demand of our customers in the Home Care and I&I industries for whiteness solutions based on our brands Tinopal, Tinocat and Tinolux,” said Martin Widmann, SVP Strategic Marketing Care Chemicals at BASF SE, Germany.