(PRESS RELEASE) LUDWIGSHAFEN, Germany, 3-Jan-2020 — /EuropaWire/ — BASF completes the sale of its ultrafiltration membrane business to DuPont Safety & Construction (DuPont). The transaction includes the shares of inge GmbH, the business’ headquarters and production site in Greifenberg, Germany, including all employees, its international sales force, and certain intellectual property previously owned by BASF SE.
The ultrafiltration membrane business was under BASF’s Performance Chemicals division which has wide range of portfolio that includes plastic additives, fuel and lubricant solutions, oilfield chemicals and mining solutions as well as kaolin minerals.
Financial details of the transaction are not being disclosed.
About BASF Performance Chemicals
BASF’s Performance Chemicals division offers chemicals for various customer industries, such as plastics, automotive, refining, lubricants, oilfield and mining. Its highly qualified and experienced team with outstanding market knowledge as well as its innovation platform and application know-how ensure its technological competence to provide excellent solutions to its customers. The division’s portfolio includes plastic additives, fuel and lubricant solutions, oilfield chemicals and mining solutions as well as kaolin minerals. To learn more, visit http://www.performancechemicals.basf.com.
BASF creates chemistry for a sustainable future. The company combines economic success with environmental protection and social responsibility. BASF employs approximately 122,000 professionals in the Group that work on contributing to the success of its customers in nearly all sectors and almost every country in the world. Its portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. In 2018 BASF generated sales of around €63 billion. Its shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.
For more information, please contact:
Corporate Media Relations
Politische Fragestellungen, Energie & Klima
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SOURCE: BASF SE