BASF has completed the previously announced sale of its ultrafiltration membrane business to Dupont. The chemical company explained its decision with the lack of synergies within the group.
Ludwigshafen/Germany — BASF has closed the previously announced transaction to divest its ultrafiltration membrane business to Dupont. The divestiture includes the shares of Inge, the business’ headquarters and production site in Greifenberg, Germany, including all employees, its international sales force, and certain intellectual property previously owned by the German company. Financial details of the transaction are not being disclosed.
The ultrafiltration membrane business had been part of BASF’s Performance Chemicals division. The division’s portfolio includes plastic additives, fuel and lubricant solutions, oilfield chemicals and mining solutions as well as kaolin minerals.
Anup Kothari, President, Performance Chemicals at BASF, explained the decision to sell Inge with limited synergies within the group. According to Kothari, the affiliation with Dupont offers a strong value creation potential for the ultrafiltration membrane business and the best prerequisites for ensuring further growth.