Archroma closes BASF textile chemicals acquisition
01/07/2015
This is the second strategic transaction by Archroma following its corporate carve-out from Clariant in 2013; it acquired a stake in the textile dyes and chemicals manufacturer M Dohmen in 2014.
It said it had been attracted to the BASF deal because the BASF business “delivers products and technologies across the entire textile chemicals spectrum, with particular strengths in printing, finishing and coating chemicals”. It said it also found attractive BASF’s strong market positions in Asia and several other high-growth markets. “The combined textile chemicals businesses will continue their history of maintaining a strong commitment to innovation and sustainability,” Archroma said.
Image shows Aaron Davenport (left), managing director of Archroma’s parent company, SK Capital Partners, with Christian Fischer, president of BASF’s performance chemicals division.
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