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BASF to divest its insulation and finishing systems subsidiary in Germany

9:24 AM MST | November 7, 2012 | Sotirios Frantzanas

BASF says it plans to divest its BASF Wall Systems subsidiary together with the business's Marktredwitz, Germany, site. Wall Systems is a medium-sized supplier of insulation and finishing systems in the German market, and it has a workforce of 190. BASF Wall Systems' staff will continue to be employed by the new owner, BASF says. Wall Systems focuses on systems for the exterior and interior thermal insulation of buildings, and it offers renovation and restoration systems for historic buildings, BASF says. The business generated sales in the mid-double-digit...

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