BASF Sells Decorative Paints Business in Germany and France to Prosol

BASF says it has agreed to sell its decorative paints business, Relius Coatings in Germany and Relius France to Prosol Lacke + Farben (Aschaffenburg, Germany). The business includes construction paints and plaster as well as varnishes and glazes for construction application and is mainly based in Germany, France and some other countries in Europe. The sale of the business includes the Memmingen site in Germany as well as 30 distribution points in Germany and France. The transfer is scheduled to be completed on November 30, 2012. Terms of the deal were not...

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