Archroma to Acquire BASF Textile Chemicals Business
Archroma recently announced it has entered an agreement to acquire the global textile chemicals business of BASF. The acquisition reportedly 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 a strong presence in Asia and other high-growth markets. Both BASF’s and Archroma’s textile businesses are headquartered in Singapore.
“With this agreement, we are bringing together the century-old history of BASF textile chemicals products, technologies and people with Archroma’s already strong heritage from Hoechst, Sandoz and Clariant,” said Alexander Wessels, CEO of Archroma.