BASF wraps up sale of paper dispersions production site in Austria
BRUSSELS, Feb. 8, 2018 (PPI Europe) -BASF has completed the sale of its production site for styrene-butadiene-based paper dispersions in Pischelsdorf, Austria to Synthomer Austria, a subsidiary of the UK specialty chemicals maker Synthomer, after receiving approval from the relevant antitrust authorities. The purchase price amounted to Euro 30 million ($37 million).
The plant’s 42 employees have all been taken on by Synthomer Austria, according to BASF.
The divestiture is related to BASF’s announcement last year that it would concentrate its production of paper dispersions at its plants in Ludwigshafen, Germany and Hamina, Finland in order to boost its competitiveness on the ...