Industry News, Mergers and Acquisitions, Suppliers News

BASF to Divest Inorganic Specialties Business

Transaction is expected to be completed in the first quarter of 2017.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

BASF has entered into an agreement to sell its Inorganic Specialties business to Edgewater Capital Partners LP, Cleveland, OH. Inorganic Specialties includes the Evans City, PA production site and the Specialty Alcoholates, Boranes and Alkali Metals product lines which are produced at the site. The transaction is expected to be completed in the first quarter 2017, subject to regulatory approval and other customary closing conditions. Financial terms of the transaction are not being disclosed. Ab...

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