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

BASF Sells Decorative Paints Business in Germany, France

5:34 AM MDT | August 31, 2012 | —Natasha Alperowicz

Kamieth: Construction paints are noncore to BASF. BASF says it has agreed to sell its decorative paints business in Germany and France to Prosol Lacke + Farben (Aschaffenburg, Germany). The business to be sold forms part of the Relius Coatings subsidiary. It includes construction paints and plaster, as well as varnishes and glazes for construction applications. The business is mainly based in Germany and France, and has operations in some other countries in Europe. The sale of the business includes the Memmingen production site in Germany as well as 30...

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