BASF to complement plastics portfolio with Solva - sportstextiles: Lea SportsTextiles

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BASF to complement plastics portfolio with Solvay polyamide acquisition

19/09/2017
Chemical manufacturers BASF and Solvay have signed an agreement under which Solvay will sell its polyamide business to BASF. The companies have valued the deal at €1.6 billion.

They aim to close the transaction in the third quarter of 2018, after receiving regulatory approval and the formal consent of an unnamed joint-venture partner has been received. This partner has already committed to grant its consent.

BASF said on announcing the agreement that the acquisition will complement its plastics portfolio.


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