MÜNSTER, Germany/VERBANIA, Italy – BASF Coatings has sold its powder business for home appliances, heating and pipe coatings to Arsonsisi S.p.A., the powder-coatings branch of the Junghanns Group. The transaction encompasses technology, customer lists and the Verbania powder-coatings plant.
Customers who currently purchase both liquid and powder technologies will be jointly supplied by BASF and Arsonsisi.
The agreement with Arsonsisi does not include BASF’s powder coatings for light vehicles and commercial transportation. BASF will continue to supply these customers with products of its own technology produced under a tolling agreement with Arsonsisi. The powder merchandise from RELIUS Coatings is also not affected by the agreement.
BASF to Sell Powder Business to Arsonsisi
May 1, 2009