BASF signs exclusive distribution agreement with Nexeo Solutions

Agreement includes BASF’s Specialty High-Performance Solvents in the US and Canada

WOODLANDS, TX, and FLORHAM PARK, NJ, February 8, 2016 – BASF signed an exclusive distribution agreement with Nexeo Solutions, a privately owned chemical distributor, for the distribution of certain Specialty High-Performance Solvents in the United States and Canada. Through this exclusive relationship, Nexeo gains access to a BASF product offering that is well aligned with its focused markets.

BASF is a leading domestic producer of specialty high-performance solvent chemistries including:

• Glycol diethers (or Glymes): a polar, non-protic solvent used in inks, specialty coatings, adhesives and cleaning compounds
  
  
• 1,3-Dioxolane: a solvent or reagent used to dissolve polar polymers such as polyesters, epoxies and urethanes
  
  
• 1,4-Dioxane: a process solvent mainly used in the manufacture of active pharmaceutical ingredients (APIs) and fine chemicals

“Nexeo’s market knowledge and technical expertise make them the right distributor for BASF on these products,” said Eduardo Padilla, Director of Corporate Distribution, BASF.  "Customers in the U.S. and Canada will benefit from their excellent service and capabilities."

“This is a tremendous opportunity to extend what is already a strong business relationship between BASF and Nexeo,” said Federico Montaner, Business Director-Specialty Chemicals.

About Nexeo Solutions

Nexeo Solutions is the largest global chemical and plastics distributor with a centralized business model.  With operations worldwide, Nexeo offers over 26,000 products used in a broad cross-section of industries, including chemicals manufacturing, oil and gas, paints and coatings, automotive, healthcare and personal care. Nexeo distributes these products in North America, EMEA, and Asia. The company provides broad logistics capabilities, in-depth market knowledge, dedicated technical expertise and Environmental Services. As a private company employing more than 2,500 employees, Nexeo connects a network of over 1,200 suppliers with a diverse base of more than 28,000 customers. Learn more at www.nexeosolutions.com.  

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 17,000 employees in North America, and had sales of $20.6 billion in 2014. For more information about BASF’s North American operations, visit www.basf.us.

At BASF, we create chemistry – and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, 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 over €74 billion in 2014 and around 113,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.

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