Japanese Company Takes over Pigments Business
DIC to Acquire BASF’s Global Pigments Business
BASF SE, Ludwigshafen, Germany, and the fine chemical company DIC, Tokyo, Japan, have reached an agreement on the acquisition of BASF’s global pigments business. The purchase price on a cash and debt-free basis is EUR 1.15 billion. The transaction is expected to close in the fourth quarter of 2020. The divestiture is subject to the approval of the relevant competition authorities.
BASF’s pigments business with around 2600 employees globally generated sales of approximately EUR 1 billion in 2018.
DIC is a Japanese company listed at the Tokyo Stock Exchange with about 20,000 employees globally. The company headquartered in Tokyo was founded in 1908, is active in more than 60 countries and generated sales of approximately 800 billion yen in 2018. This corresponds to about EUR 6.8 billion. Under the slogan “Color & Comfort,” DIC is active in three segments: Packaging & Graphics, Functional Products and Color & Display. Color & Display includes a portfolio of pigments.
BASF SE Engineering Plastics Europe
Would you like to subscribe to our Newsletters on plastics technology and profit from the latest information?
Looking for a new challenge? Check out our jobs market!
Patents encourage innovation: Stay on the ball with the latest innovations in the plastics industry in our patents section.