Archroma to buy BASF business
Archroma has entered into an agreement to acquire the textile chemicals business of BASF.
The business being acquired delivers products and technologies across the entire textile chemicals spectrum, with particular strength in printing, finishing and coating chemicals segments.
The acquisition ideally complements Archroma’s textile dyes and chemicals portfolio and geographical presence. In addition, the acquisition will allow Archroma to reinforce its Textile Specialties team with a global specialist team that has an especially strong presence in Asia and other high growth markets. Both BASF’s and Archroma’s textile businesses are headquartered in Singapore