Archroma acquires BASF textile chemicals business

REINACH –Archroma and US-based private investment firm SK Capital Partners have entered into agreement to purchase the global textile chemicals business of BASF.

The  BASF business being acquired delivers products and technologies across the entire textile chemicals spectrum, with particular strength in printing, finishing and coating chemicals segments. The acquisition is expected to complements Archroma’s textile dyes and chemicals portfolio and geographical presence, and strengthen its Textile Specialties team with a global specialist team that has an especially strong presence in Asia and other high growth markets. Both BASF’s and Archroma’s textile businesses are headquartered in Singapore, close to the highly developing Asian textile markets and customers.

Archroma already acquired 49% of textile manufacturer M. Dohmen in May 2014 reflecting its sinterest in textile chemicals sector.

 The transaction comprises the global textile chemicals business, as well as the legal entity BASF Pakistan (Private) Ltd., Karachi, and is subject to approval by the relevant antitrust authorities and the closing is expected to take place by the end of the first quarter in 2015.