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BASF completes divestment of PolyAd Services to private equity firm

12:43 PM MDT | June 3, 2014 | Natasha Alperowicz

BASF says it has completed the previously announced divestment of its PolyAd Services (Earth City, MO) business unit to Edgewater Capital Partners (Cleveland), a private equity firm. Edgewater Capital Partners intends to grow PolyAd Services, further building on the expertise of the team. BASF will focus more on its core plastic additives business areas, light stabilizers, antioxidants, and customer specific blends. “The sale of PolyAd Services strengthens our ability to better serve the global market as the leader of plastic additives...

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