BASF sell CONICA sports surfaces business

BASF to sell CONICA sports surfaces business

4:58 AM, 29th March 2012
BASF to sell CONICA sports surfaces business
BASF headquarters in Germany.

SCHAFFHAUSEN, SWITZERLAND: BASF is planning to sell its CONICA Sports Surfaces business area. The intention is to divest the site at Schaffhausen along with the business in order to create the conditions for the retention of jobs. Furthermore, production and production-related services for other product lines currently based at Schaffhausen will be transferred to another BASF site. BASF now employs some 150 people at Schaffhausen.

The CONICA Sports Surfaces business area includes the development, production and marketing of surface systems for running tracks, gymnasia, tennis courts and playgrounds as well as solutions for artificial turf and molding binders. Other BASF products from Schaffhausen are mainly special flooring systems, in particular for public and industrial buildings, sealants and special polyurethane products. Their production will be reorganized in order to further boost the competitiveness of this business area.

“We have a strong position with CONICA Sports Surfaces in the European home market. However, growth opportunities for sports surfaces are mainly to be found outside Europe. Furthermore, there are only few synergies with other BASF business areas that we can use to further expand the business. This is why we want to sell CONICA Sports Surfaces to a new owner who can offer the best possible chances for a long-term, profitable growth of the business,” said Dr Tilman Krauch, Head of Construction Chemicals Division, BASF.

© WOC News 



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