BASF to Acquire CRI/Criterion’s Global Styrene Catalysts Business

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BASF and CRI/Criterion updated styrene catalyst portfolio

Upon deal closing, BASF will work closely with CRI/Criterion’s business, manufacturing and R&D teams to ensure a seamless customer and technology transition. BASF’s updated styrene catalyst portfolio will then be established over time based on an evaluation and comparative benchmarking of the performance characteristics of both BASF and CRI/Criterion solutions.

“This acquisition demonstrates BASF’s commitment to expanding its position in the styrene catalysts market and serving customers with high-quality solutions over the long term,” said Dr. Michael Baier, Vice President of BASF’s Chemical Catalysts business. “The combination of BASF and CRI/Criterion expertise will allow us to provide even better technologies to meet customers’ evolving business needs.”

Closing of the acquisition is expected to occur by year-end 2010, subject to the satisfaction of all requisite regulatory approvals.

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