REINACH, Switzerland – Specialty chemicals company Archroma, a portfolio company of US-based SK Capital Partners, has entered into an agreement to acquire the global textile chemicals business of BASF.
The business being acquired delivers products and technologies across the entire textile chemicals spectrum, with particular strength in the printing, finishing and coating chemicals segments. The acquisition complements Archroma’s textile dyes and chemicals portfolio and geographical presence. It will allow Archroma to reinforce its Textile Specialties team with a global specialist team that has an especially strong presence in Asia and other high-growth markets. Both BASF’s and Archroma’s textile businesses are headquartered in Singapore, close to the developing Asian textile markets and customers.