BASF has completed its acquisition of Albemarle’s global surface treatment business, Chemetall, expanding the supplier’s coatings division’s portfolio.
A statement from the supplier noted the combined businesses will benefit from each other’s global infrastructure, scale and market access, driving new growth opportunities.
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“The acquisition of Chemetall allows us to significantly expand our market,” said BASF Coatings division president, Markus Kamieth. “By combining the expertise and innovation power of two global market leaders, we will accelerate innovation and make our customers more successful.”
Chemetall develops and manufactures customised technology as well as system solutions for surface treatment. Their products protect metals from corrosion, facilitate forming and machining, allow parts to be prepared for the painting process and ensure proper coating adhesion.
These chemicals are used in a wide range of industries and end-markets, such as automotive, aerospace, aluminium finishing, and metal forming. Chemetall’s sales for the full calendar year of 2015 were US$845m.
To prepare for integration, BASF has established a Global Integration Management Team.
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