BASF has signed a contract to divest its liquid masterbatch business in Clermont de l’Oise, France, to Audia International, a large global supplier of polyolefins and color masterbatches.
According to the Germany-based chemicals company, liquid masterbatches are “a niche business” and not part of its future focus.
“As a leading supplier of color masterbatches, BASF will concentrate on its business with solid and powder masterbatches, produced in Cologne, Germany,” the company says.
For Audia, this acquisition of the BASF liquid masterbatch business complements its major entry into the European market over the past seven years.
The liquid masterbatch business will be run as part of Audia’s subsidiary, Uniform Color Company, a leading global supplier of masterbatches, with facilities in North America and Europe. The transaction is expected to close in mid-2014.
www.basf.com
www.uniformcolor.com
