Free press releases distribution network?

Agency / Source: BASF

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



BASF Plans to Sell the Decorative Paints Business of RELIUS COATINGS in the Near-term - Business with RELIUS Industrial Coatings will be expanded - BASF-Coatings.com
BASF Plans to Sell the Decorative Paints Business of RELIUS COATINGS in the Near-term

 

PRZOOM - /newswire/ - Muenster, Germany, 2011/10/06 - Business with RELIUS Industrial Coatings will be expanded - BASF-Coatings.com. DE000BASF111

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

BASF Coatings announced today its intention to sell near-term the decorative paints business of RELIUS COATINGS GmbH & Co. KG and of the respective subsidiaries in France and the Netherlands. The business encompasses decorative paints and plaster as well as coatings and glazing for construction applications. Regionally, it is focused on Germany and selected countries in Europe. In 2010, the business had total sales of about €80 million. The sites in Memmingen, Germany, and Deurne, Netherlands, are part of the divestiture in addition to distribution offices of RELIUS for decorative paints. RELIUS currently employs about 440 people in this business. This includes about 80 employees at the RELIUS site in Oldenburg who work for the decorative paints business there.

BASF’s business with decorative paints in South America and China is not affected by the planned divestiture and will be further expanded. The business with industrial coatings of RELIUS COATINGS that is managed out of the Oldenburg site will remain an integral part of BASF Coatings.

In 2006, BASF acquired RELIUS COATINGS GmbH and Co. KG as a part of the Degussa construction chemicals business. It remained a company within BASF Coatings. ”In a very competitive market, we have been successful in stabilizing the RELIUS deco paints primarily in the areas of brand, distribution and innovation,” said Raimar Jahn, President of the Coatings division of BASF. “To be profitable over the long-term, however, our market share is too low, particularly in Germany. For this reason, we believe that the RELIUS deco paints will develop better in another environment,” Jahn added.

The decorative paint business of RELIUS focuses on direct sales to painters and specialist dealers. In Germany and France, RELIUS has about 30 distribution offices. In addition, RELIUS markets deco paints through importers in selected countries in Western Europe. In the Netherlands, RELIUS manufactures and markets products of the two brands RELIUS FLEURIT and RELIUS HOEKA from its site in Deurne.

The businesses with protective and marine coatings, general industry coatings as well as coatings for rotor blades for wind energy facilities are explicitly not part of the planned divestiture. These activities will be further developed and globally expanded as a part of BASF’s Industrial Coatings business.

The consultation process with the works councils has been started,” said Andreas Fehren, Managing Director of RELIUS GmbH & Co. KG. “It is our clear objective to sell the RELIUS deco paint business near-term to another company. By selling we aim to avoid forced redundancies for operational reasons if possible,” Fehren said.

About BASF Coatings
BASF Coatings (basf-coatings.com) develops, produces and markets a high-quality range of innovative automotive OEM coatings, automotive refinishes and industrial coatings as well as decorative paints. BASF has significant market positions in the Coatings sector in Europe, North America, South America and the Asia/Pacific region. In 2010 BASF Coatings achieved global sales of almost 2.6 billion Euros. You can download a copy of BASF customer magazine Coatings Partner from coatingspartner.com/.

About BASF
BASF (basf.com) is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products, and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF posted sales of more than €63.9 billion in 2010 and had approximately 109,000 employees as of the end of the year.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive/Trucking/RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: BASF

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive/Trucking/RV articles,
CATCH Visitors via Your Competitors Announcements!


BASF Plans to Sell the Decorative Paints Business of RELIUS COATINGS in the Near-term

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
BASF | BASF Coatings
Contact: Marco Benen - BASF.com 
+49 2501 14-2040 marco.benen[.]basf.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
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.

Automotive/Trucking/RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From BASF / Company Profile


Read Automotive/Trucking/RV Most Recent Related Press Releases:

The NEOPLAN Skyliner Has Been Awarded The ‘International Busplaner Sustainability Prize 2017’
First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today