BASF completes acquisition of Chemetall
The deal strengthens BASF’s coatings position.
Chemical maker BASF has completed its acquisition of Chemetall, the global surface treatment business of Albemarle Corporation.
The US$3.2 billion purchase, announced in July 2016, is designed to expand BASF’s business in the surface treatment segment.
Chemetall develops and manufactures customized technology and system solutions for surface treatment. Their products protect metals from corrosion, facilitate forming and machining, allow parts to be optimally 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, aluminum finishing, and metal forming.
Chemetall’s sales for the full calendar year of 2015 were US$845 million.
“The acquisition of Chemetall allows us to significantly expand our market,” said Markus Kamieth, president of BASF’s coatings division. “By combining the expertise and innovation power of two global market leaders, we will accelerate innovation and make our customers even more successful.”