• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Additives Update

    Pigment Supplier Directory

    Interior Architectural Coatings

    Biocides Update

    Powder Coatings Market
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Video Bites
    Raw Materials & Equipment
    Suppliers News
    Live From Shows
    Top News
    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating

    Miller Paint Declares Simple Serenity its 2021 Color of the Year

    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes

    Huntsman Finalizes Acquisition of Gabriel Performance Products

    PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating

    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes

    Miller Paint Declares Simple Serenity its 2021 Color of the Year

    Datacolor Introduces High-Efficiency Benchtop Spectrophotometer Series, Spectro 1000/700

    Zeppelin Acquires MTI Mischtechnik
    Additives
    Binders
    Pigments
    Solvents

    Huntsman Finalizes Acquisition of Gabriel Performance Products

    LANXESS Acquires Biocides Specialist INTACE

    dar-tech, inc. Becomes U.S. Midwestern Distributor for ZS Interpolymer

    OQ Chemicals Announces Carboxylic Acids Price Increase

    AOC Announces Price Increase
    Buyers Guide
    Company Capabilities
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Active Minerals

    ROSS Mixers

    Shepherd Color Company, The

    Keim Additec Surface USA LLC

    Eagle Specialty Products
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    The Waterborne Symposium (2021)

    Surface Finishing Mexico 2021

    PCI Powder Coating Week

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    Coatings for Africa
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Eagle Specialty Products

    Siltech Corporation

    Keim Additec Surface USA LLC

    Shepherd Color Company, The

    ROSS Mixers
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • China Report
      • India/Asia Pacific Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    BASF Closes Divestiture of Construction Chemicals Business

    The purchase price on a cash and debt-free basis is €3.17 billion.

    BASF Closes Divestiture of Construction Chemicals Business
    Related CONTENT
    • OQ Chemicals Announces Carboxylic Acids Price Increase
    • Ezio Braggio Joins ChemQuest Europe
    • OQ Chemicals Increasing Oxo Intermediates Prices in the Americas
    • Nouryon Renaming Industrial Chemicals Subsidiary Nobian
    • Alpine's HX5 Certified to Eliminate Germs When Coated with Signature Plating’s SignaShield
    Coatings World staff09.30.20
    BASF closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm. 
     
    The purchase price on a cash and debt-free basis is €3.17 billion.
     
    The Construction Chemicals business now forms the newly founded MBCC Group, headquartered in Mannheim, Germany.
     
    “Lone Star has been a professional partner in this transaction and is committed to the future success of the business,” said Saori Dubourg, member of the Board of Executive Directors of BASF SE. “We highly appreciate the tremendous efforts to realize the carve-out and close the deal in such a fast and decisive manner. We wish the Construction Chemicals team much success for the future.”
     
    The divestment of the assets and liabilities of the Construction Chemicals business and the related disposal gain will be reflected in BASF’s financial reporting in the fourth quarter of 2020. 
     
    Payments received in the context of the transaction until Sept. 30 will be included in cash flows from investing activities in the Q3 2020 Statement of Cash Flows.
     
    On Dec. 21, 2019, BASF and an affiliate of Lone Star had signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. 
     
    With around 7,500 employees, the Construction Chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about €2.6 billion in 2019.
    Related Searches
    • Construction Chemicals
    Related Knowledge Center
    • Construction Chemicals
    Suggested For You
    OQ Chemicals Announces Carboxylic Acids Price Increase OQ Chemicals Announces Carboxylic Acids Price Increase
    Ezio Braggio Joins ChemQuest Europe Ezio Braggio Joins ChemQuest Europe
    OQ Chemicals Increasing Oxo Intermediates Prices in the Americas OQ Chemicals Increasing Oxo Intermediates Prices in the Americas
    Nouryon Renaming Industrial Chemicals Subsidiary Nobian Nouryon Renaming Industrial Chemicals Subsidiary Nobian
    Alpine Alpine's HX5 Certified to Eliminate Germs When Coated with Signature Plating’s SignaShield
    Pigment Supplier Directory Pigment Supplier Directory
    Specialty Carbon Black Market to Reach $3 Billion by 2027: Transparency Market Research Specialty Carbon Black Market to Reach $3 Billion by 2027: Transparency Market Research
    Pritzker Private Capital Acquires Vertellus Pritzker Private Capital Acquires Vertellus
    BRB Silicone Appoints Andicor Specialty Chemicals for Canadian Distribution BRB Silicone Appoints Andicor Specialty Chemicals for Canadian Distribution
    BASF: Wider Range of Colors Rolled Off World’s Assembly Lines in 2020 BASF: Wider Range of Colors Rolled Off World’s Assembly Lines in 2020
    BRB Silicone Appoints Maroon Group for US Distribution BRB Silicone Appoints Maroon Group for US Distribution
    RPM Reports Fiscal 2021 2Q Results RPM Reports Fiscal 2021 2Q Results
    PPG Appoints Tony Wu as VP, Greater China Industrial Coatings, Global Electronic Materials PPG Appoints Tony Wu as VP, Greater China Industrial Coatings, Global Electronic Materials
    British Coatings Federation Welcomes FTA But Calls for More Significant Changes to UK REACH British Coatings Federation Welcomes FTA But Calls for More Significant Changes to UK REACH
    BASF Awards $10,000 in Scholarships to LSU Engineering Students BASF Awards $10,000 in Scholarships to LSU Engineering Students

    Related Breaking News

    • Breaking News | Construction Chemicals | Paint & Coatings Manufacturer News | Special Purpose Coatings
      ICP Building Solutions Group Acquires Gardner-Gibson

      ICP Building Solutions Group Acquires Gardner-Gibson

      Gardner-Gibson is a manufacturer of liquid-applied roof coatings, roofing products, driveway sealers and specialty paints.
      Coatings World staff 01.05.21

    • Breaking News | Construction Chemicals
      ICP Reformulates HandiFoam for Improved Performance, Lower Global Warming Potential

      ICP Reformulates HandiFoam for Improved Performance, Lower Global Warming Potential

      Developed with a low-GWP blowing agent, a complete reformulation of HandiFoam E84 delivers 30% greater adhesion and a range of new benefits for professionals.
      Coatings World staff 11.19.20

    • Breaking News | Construction Chemicals | Industrial Coatings | Product news
      CIN Launches C-FLOOR PU280 WB  to Coat Large Areas of Concrete

      CIN Launches C-FLOOR PU280 WB to Coat Large Areas of Concrete

      C-FLOOR PU280 WB covers large concrete surfaces, and is characterized by its excellent weather resistance.
      Coatings World staff 11.02.20


    • Breaking News | Construction Chemicals | People in the News | Special Purpose Coatings
      Sto Corp. Appoints Randall Steven Johnson CFO

      Sto Corp. Appoints Randall Steven Johnson CFO

      Sto Corp., has announced that Randall Steven Johnson will join Sto Americas in the role of CFO.
      Coatings World staff 08.14.20

    • Breaking News | Construction Chemicals | Product news
      Newly United Tremco Construction Products Group Unveils First Collaborative System

      Newly United Tremco Construction Products Group Unveils First Collaborative System

      ...
      Tremco 04.20.20

    • Breaking News | Construction Chemicals
      Master Builders Solutions Presents Portfolio for Complex Architectural Facades

      Master Builders Solutions Presents Portfolio for Complex Architectural Facades

      ...
      02.05.20


    • Breaking News | Construction Chemicals | Paint & Coatings Manufacturer News
      Lone Star Funds Acquiring BASF’s Construction Chemicals Business

      Lone Star Funds Acquiring BASF’s Construction Chemicals Business

      The purchase price on a cash and debt-free basis is €3.17 billion ($3.54 billion)
      12.25.19

    • Breaking News | Construction Chemicals | Paint & Coatings Manufacturer News
      SIKA Acquiring Adeplast SA

      SIKA Acquiring Adeplast SA

      ...
      11.25.19

    • Breaking News | Construction Chemicals | Product news
      Tnemec Introduces LavaCrete Polymer Concretes

      Tnemec Introduces LavaCrete Polymer Concretes

      The LavaCrete brand of high-performance polymer concretes were acquired by Tnemec under an agreement with St. Louis-based ProPolymer Coatings.
      11.20.19


    • Additives | Breaking News | Construction Chemicals | Industry News
      BASF Receives Safer Choice Partner of the Year Award

      BASF Receives Safer Choice Partner of the Year Award

      The EPA named BASF a 2019 Safer Choice Partner of the Year Award winner for outstanding achievement.
      10.11.19

    • Breaking News | Construction Chemicals | Suppliers Corner
      Master Builders Solutions Launches MasterProtect 8500 CI

      Master Builders Solutions Launches MasterProtect 8500 CI

      A new corrosion inhibitor developed by BASF scientists to enhance and complement the broader refurbishment and repair portfolio for concrete.
      10.02.19

    • Breaking News | Construction Chemicals | Paint & Coatings Manufacturer News
      Sto Corp. Announces Parent Company’s Equity Investment in SkyRise Prefab Building Solutions, Inc.

      Sto Corp. Announces Parent Company’s Equity Investment in SkyRise Prefab Building Solutions, Inc.

      ...
      05.10.19


    • Breaking News | Construction Chemicals
      Clariant Launches New Flame Retardants for Intumescent Wood, Steel Coatings

      Clariant Launches New Flame Retardants for Intumescent Wood, Steel Coatings

      ...
      03.07.19

    • Breaking News | Construction Chemicals | Suppliers Corner
      BASF Launches MasterSeal 940DR, 941DR Respirable Crystalline Silica-free Aggregates

      BASF Launches MasterSeal 940DR, 941DR Respirable Crystalline Silica-free Aggregates

      Made for deck coatings, it helps mitigate respirable crystalline silica on job sites.
      02.12.19

    • Breaking News | Construction Chemicals | Paint & Coatings Manufacturer News
      Intercrete Products Used On 300+ Areas of Concrete Repair at Hinkley Point B Power Station

      Intercrete Products Used On 300+ Areas of Concrete Repair at Hinkley Point B Power Station

      ...
      02.11.19

    Trending
    • AkzoNobel Proposes To Acquire Tikkurila For €31.25 Per Share
    • LANXESS Acquires Biocides Specialist INTACE
    • AkzoNobel Announces Share Buyback
    • Raw Material Price Increases Pile Pressure On Paint Manufacturers
    • PPG Acquiring Global Coatings Manufacturer Wörwag
    Breaking News
    • IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    • TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    • Miller Paint Declares Simple Serenity its 2021 Color of the Year
    • Huntsman Finalizes Acquisition of Gabriel Performance Products
    • PPG Completes COLORFUL COMMUNITIES Project at School in A. Bangsaothong Samutprakarn, Thailand
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Additives Update
    • Pigment Supplier Directory
    • Interior Architectural Coatings
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Ingredient Manufacturers Discuss the E-Sports Market
    Euromonitor Names Top Ten Trends for 2021
    Study Highlights Differences Between EPA's and DHA's Effect on Sleep
    Coatings World

    Latest Breaking News From Coatings World

    IGL Coatings Launches Graphene Reinforced Dual System Ceramic Coating
    Miller Paint Declares Simple Serenity its 2021 Color of the Year
    TAUBMANS Paint by PPG Releases ‘Chromatic Joy’ Palettes
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Eitan Medical Receives FDA Clearance for Sapphire Infusion System
    Researchers Successfully ‘Fine Tune’ New Thermoplastic Biomaterial
    RSIP Vision Announces Versatile Medical Image Segmentation Tool
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Global Biosciences Co. Selects ValGenesis VLMS
    Eisai Appoints Chief Clinical Officer of Oncology Biz
    Nexelis Acquires GSK Vax Lab in Marburg
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Top Beauty Brands in the World—And Most Loved Fragrances
    P&G Reports Q2 Results
    A Lacquering Technique Makes Very Good Girl by Carolina Herrera Shine
    Happi

    Latest Breaking News From Happi

    Flow Launches Collagen Waters
    Associations Congratulate Biden & Harris
    David Stanko Joins JPMS
    Ink World

    Latest Breaking News From Ink World

    Morancé Soudure France Adds Comexi F2 MC 10-color Flexo Press
    THIMM Group Installs 1st Koenig & Bauer CorruFLEX
    Cowan Graphics Adds Fujifilm Inca OnsetX3 HS
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Domino grows installation and service teams
    ABG keeps pace with demand with recruitment drive
    Acucote expands FSC-certified portfolio
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    First Quality Launches Incognito by Prevail
    Essity Launches Reusable Underwear Product
    Honeywell Delivered 225 Million Masks in December
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    DJO Acquires Trilliant Surgical
    FDA Breakthrough Device Designation Granted to Spiderwort's Spinal Cord Technology
    Bioventus Appoints SVP of Operations
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    UDC Subsidiary Adesis' Website Wins 2020 MarCom Platinum Award
    Roadsimple Modernizes Warehouse Ops with Zebra Technologies
    Graphene Flagship Launches Redesigned Website

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login