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BASF Completes Divestiture of PolyAd Services Business to Edgewater Capital Partners, L.P - BASF has successfully closed the previously announced transaction to divest its PolyAd Services business unit to Edgewater Capital Partners, L.P., a private equity firm based in Cleveland, Ohio - PlasticAdditives.BASF.com
BASF Completes Divestiture of PolyAd Services Business to Edgewater Capital Partners, L.P

 

PRZOOM - /newswire/ - Ludwigshafen, Germany, 2014/06/02 - BASF has successfully closed the previously announced transaction to divest its PolyAd Services business unit to Edgewater Capital Partners, L.P., a private equity firm based in Cleveland, Ohio - PlasticAdditives.BASF.com. DE000BASF111

   
 
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Edgewater Capital Partners intends to further grow PolyAd Services building on the expertise of the team.

BASF will move forward with increasing focus on its core Plastic Additives business areas: light stabilizers, antioxidants and Customer Specific Blends (CSBs). “The sale of PolyAd Services strengthens our ability to better serve the global market as the leader of plastic additives worldwide,” said Diego Lopez Casanello, Senior Vice President, Performance Chemicals North America.

About Plastic Additives

BASF (plasticadditives.basf.com) is a leading manufacturer, supplier and innovation partner of additives for the plastics industry such as ultraviolet (UV) light stabilizers, antioxidants and process stabilizers, and other additives.

About BASF

BASF (basf.com) is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of about €74 billion in 2013 and over 112,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

Contact: Betsy Amone - North America
P: +1 973 245-7865 - E: birgit.wesche[.]basf.com

 
 
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BASF Completes Divestiture of PolyAd Services Business to Edgewater Capital Partners, L.P

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BASF | Edgewater Capital Partner
Contact: Birgit Wesche - BASF.com 
+49 621 6042286 birgit.wesche[.]basf.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any BASF securities in any jurisdiction including any other companies listed or named in this release.

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