BASF sell printing inks business Quantum Kapital in Netherlands

BASF to sell printing inks business to Quantum Kapital in Netherlands

12:27 AM, 19th March 2012
BASF to sell printing inks business to Quantum Kapital in Netherlands

ST GALLEN, SWITZERLAND/LUDWIGSHAFEN, GERMANY: Quantum Kapital AG, plans to acquire BASF’s offset printing inks business (IMEX) in Maastricht, Netherlands. Quantum is a financial investor specialized in the acquisition and the successful development of non-strategic businesses of large companies. The sale covers all BASF’s offset printing inks activities and includes the transfer of all BASF employees in Maastricht dedicated to the business. Legal closing of the transaction will be in the third quarter of 2012. The profitable IMEX business is expected to total sales of about €60 million in 2012 and is an important supplier of heat set printing inks worldwide. The purchasing price was not disclosed.

BASF sold its printing inks and printing plates business in 2004. The IMEX business was part of BASF’s acquisition of former Ciba in 2009. At the Maastricht site BASF currently produces offset printing inks and pigment preparations for the plastics industry. The pigment preparations activities will be continued. Overall, through process and site optimization measures, BASF plans to decrease the number of the remaining positions at the Maastricht site from 92 to 73 by end of 2013. Some BASF employees affected by the planned restructuring will be offered a transfer to the IMEX business, and thus subsequently transfer to Quantum.

© WOC News 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Shell announces Monaca, PA site for proposed petrochemical complex

PITTSBURGH, US: Shell Chemical LP (Shell) signed a land option agreement with Horsehead Corporation to evaluate a site in the US Appalachian region fo ...

Read more
Toyo, CDI joint venture for polysilicon plant in China and Taiwan

PHILADELPHIA, US/ TOKYO, JAPAN: CDI Corp has entered into an alliance with Toyo Engineering Corporation to provide engineering, procurement and constr ...

Read more
Mitsubishi affiliate bags QAFAC’s carbon dioxide recovery plant order

TOKYO, JAPAN: MHI Industrial Engineering and Services Pvt Ltd (MIES), an affiliate of Mitsubishi Heavy Industries Ltd (MHI) has received an order for ...

Read more
Molecular graphene, the first system of designer electrons

MENLO PARK, US: Researchers from Stanford University and the US Department of Energy’s SLAC National Accelerator Laboratory have created the fir ...

Read more
Making hydrogen fuel cells practical and cost effective

FLORIDA, US: Hydrogen fuel cells, like those found in some ‘green’ vehicles, have a lot of promise as an alternative fuel source, but maki ...

Read more
Fluor awarded FEMA contract to support national emergency recovery efforts

IRVING, US: Fluor Corporation has been awarded a contract by the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) to ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X