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World News and Views :: Top of the News
BASF, Back on Top
11:48 AM MDT | September 25, 2007 | Michelle Bryner
Hambrecht: Growing faster than market. BASF has reclaimed the number one spot from Dow Chemical on CW’s annual Billion-Dollar Club ranking of companies by sales. BASF had held the top spot for three consecutive years before ceding to Dow last year. The company’s sales, excluding oil and gas, climbed 19%, to €39.4 billion ($51.6 billion), helped by the acquisitions last year of Engelhard, Degussa’s construction chemicals business, and Johnson Polymer (Sturtevant, WI). The acquisitions accounted for 10% of BASF’s 2006 sales...
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