Headlines / News

BASF Reaches Agreement to Purchase Cognis

June 24, 2010
/ Print / Reprints /
/ Text Size+
BASF SE has reached an agreement with Cognis Holding Luxembourg S.à r.l. to acquire Cognis for an equity purchase price of €700 million (approximately $860 million).

BASF SE has reached an agreement with Cognis Holding Luxembourg S.à r.l. (controlled by Permira Funds, GS Capital Partners and SV Life Sciences) to acquire Cognis for an equity purchase price of €700 million (approximately $860 million). Including net financial debt and pension obligations, the enterprise value of the transaction is €3.1 billion ($3.81 billion). The acquisition is subject to clearance by merger control authorities, and the transaction is expected to be completed by November 2010.

“With the acquisition of Cognis, we are strengthening our portfolio with cyclically robust and profitable businesses and further expanding our position as the world’s leading chemical company,” said Jürgen Hambrecht, Ph.D., chairman of BASF SE’s board of executive directors .

“With the support of our owners Permira Funds and CS Capital Partners, we have become a leading innovative supplier of specialty chemicals,” said Antonio Trius, Ph.D., Cognis’ CEO. “In particular, our focus on wellness and sustainability and our expertise in renewable raw material-based products have been our main success factors. We are convinced that there are excellent opportunities through combining the strengths of Cognis and BASF.” 

For more information on Cognis, visit www.cognis.com. For more information on BASF, visit www.basf.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

ASI April 2014 Photo Gallery

Our April 2014 issue is now available!


ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts

Adhesives & Sealants Industry Magazine

ASI August 2014 cover

2014 August

Our August issue includes what is traditionally our most popular article of the year: the ASI Top 25. You won't want to miss it!

Table Of Contents Subscribe


Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

ASI 2014 Buyers GuideASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40  youtube_40pxlinkedin_40 google+ icon ASI 30px