Johnson Polymer is one of the world's leading producers and suppliers of water-based resins. Johnson Polymer's water-based product range complements BASF's existing portfolio, which concentrates mainly on high-solids and UV resins.
"This transaction is a further important step in strengthening BASF's technology- and innovation-driven specialty business with performance products. The deal will further improve BASF's position in a profitable, fast-growing business and open up new areas for innovation," said BASF Board Member Dr. Andreas Kreimeyer.
"The acquisition of Johnson Polymer expands our high-growth coating resins business. We are supplementing our expertise in this area with water-based technologies from a customer-focused company with a highly qualified team," added Patrick Prévost, president of BASF's Performance Chemicals division.
Johnson Polymer's operations will be integrated into BASF's Performance Chemicals division. This division produces and markets a broad range of specialty chemicals worldwide.