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BASF to sell Styrodur® business to BACHL
Ludwigshafen, Germany – BASF has signed an agreement with Karl Bachl Kunststoffverarbeitung GmbH & Co. KG (BACHL) for the sale of its business with Styrodur®, an insulation material made from extruded polystyrene (XPS). BACHL is one of the leading manufacturers of insulation materials in Germany, an experienced XPS producer and a long-standing Styrodur® distribution partner of BASF. The sale also includes the brand Styrodur®. Approximately 50 employees in production, marketing and sales at BASF SE are involved in this business. The affected employees will remain with BASF SE. Subject to the approval of the relevant competition authorities, the completion of the sale is expected by mid-2025. The parties have agreed to keep the financial details of the transaction confidential.
Shifting hues in global automotive colors: Embracing the rising popularity of warm niche colors
In 2024, the global automotive color landscape continued to evolve as consumers move away from traditional favorites like white and silver. This shift is paving the way for increased popularity of vibrant hues, warm neutrals, and a more diverse palette across the industry, as stated by BASF Coatings in the latest Color Report for Automotive OEM Coatings.
BASF to sell Food and Health Performance Ingredients business to Louis Dreyfus Company
BASF has signed a binding agreement to sell its Food and Health Performance Ingredients business, including the production site in Illertissen, Germany, to Louis Dreyfus Company (LDC), a leading global merchant and processor of agricultural goods including high-quality, plant-based ingredients. BASF’s Food and Health Performance Ingredients portfolio plays a vital role in addressing growing trends in human nutrition. However, the business has limited synergies and integration into BASF and is no longer a strategic focus area.
BASF and research partners collaborate to optimize mechanical recycling of plastics
BASF has teamed up with Endress+Hauser and TechnoCompound as well as the Universities of Bayreuth and Jena to study how the mechanical recycling of plastics can be improved. With funding from the German Federal Ministry of Education and Research (BMBF), the SpecReK project aims to reliably and precisely identify the composition of plastic waste during the recycling process and thus improve the quality of recycled plastics. This will be achieved by combining state-of-the-art measuring techniques with artificial intelligence (AI).
BASF’s Personal Care business succeeds in obtaining new cosmetic ingredient notification for Symbiocell® in China
BASF’s Personal Care business recently succeeded in obtaining a new cosmetic ingredient notification for Symbiocell®, which can be commercialized as a cosmetic ingredient with BASF’s authorization in China. A unique active ingredient, Symbiocell® (INCI: Water (and) Butylene Glycol (and) Cestrum Latifolium Leaf Extract (and) Xanthan Gum (and) Propanediol (and) Caprylyl Glycol), is proven through in vitro tests to support healthy levels of the basal expression of CD86 in skin dendritic cells. It effectively soothes sensitive skin and potentially excessive cutaneous reactions.
This News Release is only available in English.
This News Release is only available in English.