BASF selling acrylate PVC modifier business Kaneka Corporation subsidiary

BASF to sell PVC modifier business to Kaneka

9:47 AM, 6th December 2013
BASF selling acrylate PVC modifier business t

LUDWIGSHAFEN, GERMANY: BASF has signed a contract to sell its Vinuran PVC modifier business to Kaneka Belgium NV, a subsidiary of Kaneka Corporation, Japan. The transaction comprises intangible assets and inventory. It does not include a transfer of the production assets or employees in Ludwigshafen. Subject to approval by the relevant antitrust authorities, the closing of the transaction is expected to take place during the first quarter of 2014. The financial details of the transaction were not disclosed.

The acrylate-based Vinuran PVC modifier business is not a core business for BASF. The transaction allows BASF to focus on growth of its acrylate-based dispersions portfolio. The deal represents a good strategic fit for Kaneka and will enable Kaneka to expand its services to the PVC processing industry.

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