IHS Chemical Week

People & Business :: Emerging Companies

BASF May Divest Its Leather And Textile Chemicals Business

11:51 AM MST | February 9, 2009 | IAN YOUNG

BASF has announced a reorganization of its performance products business segment, in anticipation of closing the company’s acquisition of Ciba Specialty Chemicals toward the end of this quarter. BASF says it will “review strategic options” for its poorly performing leather and textile chemicals business, including a possible divestment of the business, as part of the reshuffle. Feldmann: Ciba to be integrated rapidly. The planned reorganization, effective April 1, is designed to “focus our business on the needs of our customers and...

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