BASF Sells Liquid Masterbatch Business to Audia International
BASF SE, Ludwigshafen, Germany, has signed a contract to divest its liquid masterbatch business in Clermont de l’Oise, France, to Audia International, a large global supplier of polyolefins and color masterbatches. The transaction is expected to close in mid 2014. The parties have agreed not to disclose financial details of the agreement.
As a leading supplier of color masterbatches, BASF will concentrate on its business with solid and powder masterbatches, produced in Cologne, Germany. For BASF, the liquid masterbatches are a niche business and not part of its future focus.
For Audia, this acquisition of the liquid masterbatch business is very strategic and represents an expansion in technology, markets, and geography, complementing its major entry into the European market over the past seven years. The liquid masterbatch business will be run as part of Audia’s subsidiary, Uniform Color Company, Holland, MI/USA, a global supplier of masterbatches, with facilities in North America and Europe.
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