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People & Business :: M&A
BASF acquires parts of Ciech's toluene diisocyanate business
October 12, 2012 | Lindsay Frost
BASF says it is acquiring parts of Ciech’s (Warsaw) toluene diisocyanate (TDI) business. Closing of the agreement is expected in first-quarter 2013 and financial terms of the agreement were not disclosed. BASF and Ciech are still collaborating to determine the final supply agreements and support services, and the acquisition does not include Ciech subsidiary Zachem's production facility in Poland. “This acquisition underlines our strong commitment to the TDI markets in Europe, the Middle East, Africa, and worldwide”, says Raimar Jahn, president...
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