IHS Chemical Week

Regions :: Western Europe :: Italy

... Divests Powder Coatings Business

11:55 AM MST | March 6, 2009

BASF says it will sell its powder coatings business for home appliances, heating, and pipes to powder coatings firm Arsonsisi (Milan). Financial terms were not disclosed. The transaction includes a powder coatings production plant at Verbania, Italy as well as technology and customer lists. The deal does not cover BASF’s powder coatings business for light vehicles and commercial transportation. BASF will continue to make those products under a tolling agreement with Arsonsisi and supply them to...

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