BASF has signed an agreement to sell its mining solutions business to SNF. SNF is a privately held, specialty chemical company based in Andrézieux-Bouthéon, France.
The divestment of BASF’s mining business follows a comprehensive strategic review within BASF’s Performance Chemicals division. Subject to approval by the relevant merger control authorities and customary closing conditions, the transaction is expected to close in 2027. The parties have agreed not to disclose the financial terms of the transaction.
The transaction comprises the global mining solutions business including the production site in Cork, Ireland, and approximately 140 employees. It encompasses BASF’s mining chemicals portfolio, among others leaching and flotation reagents, and solvent extraction reagents including brands such as Luprofroth®, Lupromin®, Luproset®, LIX® and LixTRA®.
“BASF continuously evaluates its portfolio to sharpen strategic focus,” said Anup Kothari, member of the Board of Executive Directors, BASF SE. “We are confident that SNF is the right owner to further develop the mining solutions portfolio and serve customers in the industry. With its strong market position, deep mining expertise, and growth ambitions SNF is well positioned to create further value for employees and customers alike.”
BASF and SNF are working towards a smooth transition post-closing, subject to and following receipt of all required regulatory approvals. Following completion of the transaction, SNF intends to provide customers with continuity of supply and service across global mining markets.
“This acquisition is a perfect fit for SNF,” said Pascal Remy, Chairman and CEO of SNF. “BASF’s mining solutions portfolio is highly complementary to our existing product range and will significantly strengthen the solutions we can offer to our mining customers worldwide. Just as importantly, we are gaining highly experienced teams with deep expertise in flotation and hydrometallurgy – capabilities that complement our own and that we were looking to further develop. We are very pleased to welcome these talented employees to SNF and look forward to combining their expertise with our global presence and strong customer relationships to accelerate the development of our mining business.”
Source: basf.com
Martin Huber to succeed Olaf Klinger as Chief Financial Officer of Symrise AG as part of a planned succession. Olaf Klinger will conclude his successful eleven-year tenure at Symrise AG on March 31, 2027. Martin Huber will assume the position of CFO at Symrise AG on April 1, 2027, bringing more than 20 years of international finance and leadership experience.
Anneli Carlot will join Arkema on January 1st, 2027 and will be appointed Chief Financial Officer of the Group effective January 18th, succeeding Marie-José Donsion, who has chosen to pursue her career outside the Group. Anneli Carlot will be a member of the Executive Committee.
INEOS Inovyn has completed the acquisition of the remaining 50% shareholding in Runcorn MCP Limited, together with the assets and employees associated with ethylene dichloride production at Runcorn from Vynova Runcorn Limited, following its entry into administration in 2025.
