BASF German subsidiary, Wall Systems Marktredwitz site up sale

BASF German subsidiary, Wall Systems and Marktredwitz site up for sale

5:39 AM, 7th November 2012
BASF German subsidiary, Wall Systems and Marktredwitz site up for sale

LUDWIGSHAFEN/MARKTREDWITZ, GERMANY: BASF plans to divest its subsidiary BASF Wall Systems GmbH & Co KG, together with the Marktredwitz site. Currently, BASF Wall Systems GmbH & Co KG has approximately 190 employees, who will continue to be employed by the new owner.

BASF Wall Systems GmbH & Co KG is a medium-sized supplier of insulation and finishing systems in the German market. The company’s main field of business is systems for the exterior and interior thermal insulation of buildings that are sold under the Heck brand. In addition, the company offers renovation and restoration systems for historical buildings under the Rajasil brand. In 2011, the organization generated sales in the mid double-digit million euro range.

“Our Wall Systems business posted significant growth over the last few years. Nevertheless, there are only limited synergies with other BASF fields of activity that we can make use of. A new owner will be better able to drive the business,” said Dr Tilman Krauch, President, Construction Chemicals, BASF.

BASF Wall Systems GmbH & Co KG is not part of the insulating materials business of BASF. The insulating materials Neopor, Styropor, Styrodur as well as insulating materials made of polyurethane are not affected by the planned divestiture. They remain integral parts of the BASF portfolio that contribute to the construction of energy-efficient buildings.

© WOC News

 

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