BASF Finalizes Divestiture of Pischelsdorf Production Site in Austria

 

BASF, Gemany, has completed the announced divestiture of its production site for styrene-butadiene-based paper dispersions in Pischelsdorf, Austria, to Synthomer Austria GmbH, a subsidiary of the British specialty chemicals manufacturer Synthomer plc. Consent by the competent antitrust authorities has been obtained.

The agreed purchase price amounts to EUR 30 million; the 42 employees who work at the Pischelsdorf site have been taken on by Synthomer Austria GmbH.

BASF notes that concentration of the production of paper dispersions in Ludwigshafen and Hamina, which is associated with the divestiture of the production site in Pischelsdorf, will strengthen its competitiveness in the European market. With this measure, BASF has laid the foundations that will enable it to continue offering its customers products and services at attractive terms well into the future. At the same time, and based on its application technology expertise and its enhanced product portfolio, BASF is further expanding its market position as a leading supplier of dispersions for paper finishing, in particular in the field of packaging and barrier applications.

The Dispersions & Pigments Division of BASF develops, produces, and markets a range of high-quality pigments, resins, additives, and polymer dispersions worldwide. These raw materials are used in formulations for coatings and paints, printing and packaging products, construction chemicals, adhesives, fiber bondings, plastics, and paper as well as for electronic applications such as displays. With its comprehensive product portfolio and its extensive knowledge of the industry, the Dispersions & Pigments Division offers its customers innovative and sustainable solutions and helps them advance their formulations. Further information about the Dispersions & Pigments Division is available online.