CORPORATE NEWS:
BASF Coatings’ Rhenania acquisition
BASF Coatings has cleared cartel procedures in Germany to acquire the coil coatings business of Rhenania Coatings GmbH.
The contract covers the acquisition of products, technologies and customer order lists. Sites and manufacturing equipment are not included. In 2004, the coil coatings business of Rhenania Coatings generated sales of about €8m ($9.5m). Financial details of the agreement were not disclosed.
The acquisition allows BASF Coatings to strengthen its coil coatings business, which is of strategic importance to the company and, at the same time, to expand its technology competence regarding the coating of aluminium. The technologies BASF is acquiring from Rhenania Coatings
are applied mainly to aluminium bands supplied to the construction industry for further processing into structures that provide sun protection, for example.
Company: |
BASF Coatings AG |
Country: |
Germany |
Fax: |
+49 2501 14 37 50 |
Email: |
|
Website: |
www.basf-coatings.de |