Archroma, a Reinach-based company focussing on specialty chemicals for the textile, paper and emulsions sectors and a portfolio company of US-based private investment firm SK Capital Partners, announced that they have entered an agreement to acquire the global textile chemicals business of BASF.
The business being acquired delivers products and technologies across the entire textile chemicals spectrum, with particular strength in printing, finishing and coating chemicals segments, the press release states. The transaction is subject to approval by the relevant antitrust authorities and the closing is expected to take place by the end of the first quarter in 2015.
The acquisition will complement Archroma’s textile dyes and chemicals portfolio and geographical presence. Both BASF’s and Archroma’s textile businesses are headquartered in Singapore, close to the highly developing Asian textile markets and customers.
The complete press release of Archroma