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BASF intends to take over shares in Alsachimie joint venture from DOMO Chemicals

Ghent and Waterloo, Belgium; May 28, 2025 – BASF and DOMO Chemicals have signed an agreement giving BASF the right to take over DOMO Chemicals’ 49% share of the Alsachimie joint venture, in which BASF currently holds 51%. According to applicable laws, the intended transaction is subject to consultations with the relevant social bodies of Alsachimie, following which both companies would enter into a binding purchase agreement. Pending these consultations, BASF and DOMO Chemicals expect to close the transaction by mid-2025.  

For BASF, the 100% ownership of Alsachimie would be a strategic step to complement the company’s strong footprint at the site in Chalampé, France, its European hub for polyamide (PA) 6.6 precursor production. As the sole owner of Alsachimie, BASF would be able to further strengthen its production setup and maximize backward integration into key raw materials in the PA 6.6 value chain.

“As a key supplier for polyamide 6.6 precursors, it is our priority to ensure the reliable supply in Europe,” said Dr. Stephan Kothrade, member of the Board of Executive Directors of BASF SE. “By taking over the shares of our partner DOMO Chemicals, we are further strengthening our leading position and long-term commitment to the polyamide 6.6 value chain and paving the way for future growth with our customers in industries such as automotive and textiles.”

“For DOMO Chemicals, the intended transaction aligns with our strategy to continue to focus on delivering tailored polyamide solutions in the core segments automotive, consumer goods, industrial and electrical & electronics industries,” said Yves Bonte, CEO DOMO Chemicals.

Alsachimie was founded in February 2020 as a joint venture between BASF (51%) and DOMO Chemicals (49%). The company is located at the French-German border and produces essential precursors for polyamides, including KA-oil, adipic acid and hexamethylenediamine adipate (AH salt).
 

About BASF

At BASF, we create chemistry for a sustainable future. Our ambition: We want to be the preferred chemical company to enable our customers’ green transformation. We combine economic success with environmental protection and social responsibility. Around 112,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio comprises, as core businesses, the segments Chemicals, Materials, Industrial Solutions, and Nutrition & Care; our standalone businesses are bundled in the segments Surface Technologies and Agricultural Solutions. BASF generated sales of €65.3 billion in 2024. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the United States. Further information at www.basf.com.
 

About DOMO Chemicals

DOMO Chemicals provides high-performance polyamide-based engineered material solutions for the automotive, consumer goods, industrial and electrical & electronics industries. The company also supplies key products and services to the agriculture, chemical, pharmaceutical, fiber, and textile markets. Its broad portfolio includes chemical intermediates, base polymers, engineering plastics and performance fibers. Well-known brands include TECHNYL^® engineered materials, STABAMID^® PA66 virgin grades, DOMAMID^® PA6 virgin resins, NYLEO polyamide 66 fibers, and TECHNYL^® 4EARTH^® sustainable polyamides. Further information at www.domochemicals.com.