BASF Finalizes Acquisition of Chemetall
Dec. 16, 2016—BASF has completed the acquisition of Albermarle’s global surface treatment business, Chemetall. Following the acquisition, BASF’s coatings division has expanded its portfolio. The combined businesses will aim to benefit each other due to the other’s global infrastructure, scale and market access. Chemetall manufactures customized technology and system solutions for surface treatment. Their products aim to protect metals from corrosion. The company’s sales for the calendar year of 2015 were $845 million. To aid in the integration process, BASF has established a Global Integration Management Team to ensure business continuity.