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06-19-2008

BASF Coatings Takes over South African Company

BASF Coatings Services (Pty) Ltd. is set to take over the business of MAB Auto Body Parts and Paint Centre Ltd. in Johannesburg, South Africa. MAB sales activities related to automotive refinish products, non-paint products, body panels and services, as well as the staff and parts of the management, will be integrated into BASF Coatings Services (Pty) Ltd. The two companies have not disclosed information on the purchase price. The takeover will become official about two months after authorization by the local competition commission has been granted. MAB has sold products and services for all aspects of automotive refinishing for 14 years from its locations in Johannesburg and Pretoria. So far, as BASF’s partner, MAB has primarily supplied customers in the Gauteng and Limpopo regions, as well as the Northern Free States, with Glasurit and Salcomix automotive refinish products. In the future, business relations with the end customers will be managed and developed by the sales team that was taken over.

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