BASF completes acquisition of Johnson Polymer (7/5/06)
BASF closed its acquisition of Johnson Polymer on July 1, 2006. The acquisition includes Johnson Polymer's production sites in the United States and in the Netherlands, as well as technical centers and offices in Asia Pacific.
"This acquisition opens up new areas for innovation in a profitable and fast-growing segment of our specialty business. We will now proceed to integrate Johnson Polymer's resins business quickly into our existing performance chemicals operations," said BASF Board member Dr. Andreas Kreimeyer. "Our team is looking forward to welcoming their new colleagues and working together to develop products and technologies that will help to make our customers more successful," added Patrick Prévost, President of BASF's Performance Chemicals division.