ALTANA Chemie has now completed the divestment of its industrial coatings activities in the Coatings & Sealants division. Rhenania Coatings is now focusing on specialty coatings and coating problem solutions for the packaging industry, and is well equipped to do so in the future due to the modern production facility in Grevenbroich.
BASF Acquires Coil Coatings From ALTANA Chemie
December 1, 2005
MÜNSTER, Germany - BASF Coatings has signed a contract to acquire the coil coatings business of Rhenania Coatings GmbH, Grevenbroich, Germany, from ALTANA Chemie AG, Wesel, Germany, the chemicals division of ALTANA AG. This acquisition further extends BASF's position in the European coil coating market subject to the approval by regulatory authorities.