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Issue 17/2019 - DIC to acquire BASF's global pigments business

 Last Update: 2022-11-11
 Source: Internet
 Author: User

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DIC to acquire BASF's global pigments business BASF and fine chemical company DIC recently reached an agreement
to acquire BASF's global pigments business
.
The transaction involved cash and debt-free purchases of €1.
15 billion
.
The transaction is expected to close in the fourth quarter of 2020 and is subject to regulatory approvals
.

Commenting on the agreement, Kaoru Ino, Representative Director and Executive Director of DIC, said: "DIC has a clear growth target
of around EUR 8 billion in sales by 2025.
In this context, BASF's pigments portfolio is an important strategic complement for us to help DIC reach its targets more quickly and offer our customers a more diversified range of solutions
.
”

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