BASF Coatings, Treffert Group to Swap Coatings Businesses
LUDWIGSHAFEN, Germany - BASF Coatings AG and the Treffert Group of Germany announced agreements under which BASF Coatings will acquire Treffert's Foil Coatings business and Treffert will purchase BASF's Fibre Board Coatings affiliates in Spain and Italy. Financial terms were not disclosed.
BASF said the transactions are structured as a purchase of assets, including customer lists and intellectual property rights. The purchases include no locations or manufacturing equipment.