BASF will focus on resin and additive technologies for the photocuring market and continue to provide high-performance photoinitiators for the electronics industry
Ludwigshafen, Germany/Shanghai, China—August 30, 2016—BASF has sold its global photoinitiator business to a global manufacturer and supplier of photocurable materials Trading company IGM Resins B.V. of the Netherlands. The electronics industry is one of BASF’s strategic focus areas, so high-performance photoinitiators that meet the specific needs of customers in this industry will not be part of the scope of this divestment.
Photoinitiators are used in light-curing formulations by multiple industries. Typical end applications include furniture and floor coatings, as well as inks for printing and packaging.
“This transaction will allow BASF to focus on its core technologies of resins and additives for the light-curing market. In addition, BASF will continue to provide high-performance light-emitting diodes that serve the specific needs of the electronics industry. initiator,” said Markus Kramer, President of BASF’s Dispersions and Pigments business unit.
The business assets covered by the transaction include technology, patents, certain trademarks, customer relationships, business-related contracts, and the company’s headquarters in Mortara, Italy. Initiator production base. The transfer of the Mortara site and its entire workforce will be completed immediately after consultation with local employee representatives. Approximately 120 employees worldwide are affected. The parties agreed not to disclose financial details of the acquisition.
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