ARCHROMA: to acquire textile chemicals business of BASF
SPECIALTY chemicals concern Archroma announced that it has entered into an agreement to acquire the textile chemicals business of German chemicals giant BASF. The acquisition involves products and technologies across the entire textile chemicals field, with particular strength in printing, finishing and coating chemicals. The deal remains subject to approval by antitrust authorities but is expected to be concluded by the end of the first quarter of 2015.
The acquisition will extend Archroma’s product range and strengthen its presence in high growth markets, including the intimate apparel sector.