2014-2015 Exhibitions
German specialty chemicals firm BASF divests part of its Plastic Additives business, , the PolyAd Services to American private equity firm, Edgewater Capital Partners, L.P, with the closing of the transaction expected to take place in the second quarter of 2014. The parties have agreed not to disclose the financial details of the transaction.
A stand-alone global business, PolyAd Services offers innovative specialty blends and services to solve additive incorporation problems for a wide range of plastic applications in industries, such as automotive, building and construction, packaging and electronics.
According to BASF, the sale of PolyAd Services will enable them to direct their Plastic Additives business onto the core business areas, light stabilisers, antioxidants and Customer Specific Blends (CSBs).
(PRA)
