Agreement on Acquisition of BASF Acrylic-based Modifier Busin
December 06, 2013
Approval from the relevant antitrust authorities will be required for this acquisition due to the European Union Competition Law.
*Acrylic-based modifiers are used as impact modifiers and processing aids for PVC and engineering plastics.
This contract was concluded as a result of a match in intentions between BASF positioning its acrylic-based PVC modifier business as a non-core business whilst Kaneka positions the modifier business as a core business. Kaneka intends to actively move ahead with global expansion, and further strengthen its acrylic-based modifier business.
With this acquisition from BASF, following the business acquisition from Evonik in 2011, Kaneka Belgium strengthens its acrylic-based modifier business in Europe.