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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

BASF Puts Leather Unit on the Block; Speculation on Next CEO

10:03 PM MST | March 13, 2010 | Natasha Alperowicz

BASF has put its leather and textile chemicals business up for sale, following a lengthy period of restructuring and seeking partnerships, CW has learned. The company does not disclose sales of the business, which forms part of its performance chemicals unit, a component of BASF’s performance products segment. BASF announced more than one year ago that it might divest leather and textile chemicals due to the business’s poor performance (CW, Feb. 9, 2009, p. 15). “This market has substantially changed…and we are looking for strategic...

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