Archroma, a global leader in color and specialty chemicals towards sustainable solutions, today announced that Archroma India Private Limited and BASF India Limited (BIL) have signed an agreement for the acquisition by Archroma of BASF’s stilbene-based OBA (optical brightening agents) business for paper and powder detergent applications.
The transaction includes BASF’s manufacturing unit at Ankleshwar, India, where approximately 100 people are currently employed.
Archroma is a member of the SK Capital Partners group. In July 2015 the company acquired the global textile chemicals business of BASF, and, between 2014 and 2018, M. Dohmen, an international group specializing in the production of textile dyes and chemicals for the automotive, carpet and apparel sectors.
“We are extremely pleased with this opportunity to further consolidate our position as a global leader in the chemical industry by expanding both our supply capacity and application markets,” said Marcos Furrer, President of Packaging & Paper Specialties, Archroma. “This acquisition will not only allow Archroma to strengthen our OBA supply to customers in the packaging & paper industry, in particular in India and Asia; it will also help us develop our portfolio offering to customers in the detergents market with high performance powder OBAs”.
The transaction is expected to be completed in the fourth quarter of 2019.
By Scott Jenkins
Source: Chemical Engineering
US chemicals firm Dow has developed and commercialized a formulated post-consumer recycled (PCR) plastic resin in Asia-Pacific. Such initiatives threaten virgin plastic demand, but it will take time for recycling […]
The oil price crash under the weight of the Covid-19 pandemic has brought mixed fortunes for the petrochemical industry. In 2019, the Brent crude benchmark hovered around $60 a barrel, […]
Borealis has announced the appointment of Erik van Praet as vice president innovation & technology effective 1 April 2020. Van Praet succeeds Maurits van Tol, who last year moved to […]