BASF completes sale of coatings businesses to AkzoNobel

The sale of BASF's global industrial coatings businesses to AkzoNobel has been completed. The transaction includes technologies, patents and trademarks, as well as the transfer of dedicated production sites in Deeside, United Kingdom, and Vanderbijlpark, South Africa.  

 

As a result of this transaction, AkzoNobel will now operate the global coil, furniture foil and panel coatings, wind coatings and general industry businesses acquired from BASF, as well as the commercial transport business in EMEA. These businesses generated sales of approximately €300 million in 2015.

 

BASF’s automotive OEM and automotive refinish coatings businesses, as well as its decorative paints business with its leading brand Suvinil® in Brazil, remain part of BASF’s Coatings division. In addition, BASF recently completed the acquisition of Chemetall, a leading global supplier of applied surface treatments, which is now also part of the Coatings division.