IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

... Takes Control of Coatings JV

11:21 AM MDT | July 14, 2008 | Chemical Week Editorial Staff

BASF has agreed to acquire Yasar’s (Izmir, Turkey) stake in the companies’ 50-50 Yasar BASF Automotive Coatings joint venture. Yasar BASF Automotive Coatings markets automotive OEM and refinish coatings in Turkey and has sales of about €45 million/year ($71 million). BASF says it will relocate the business’s headquarters from Izmir to Istanbul-Kavacik by...

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