MÜNSTER/ASCHAFFENBURG, Germany - BASF has signed an agreement with PROSOL Lacke + Farben GmbH regarding the sale of the decorative paints business of RELIUS COATINGS GmbH & Co. KG in Germany and RELIUS FRANCE SAS in France. The business encompasses construction paints and plaster as well as varnishes and glazes for construction application and is mainly based in Germany, France and a few additional countries in Europe. The sale of the business includes the Memmingen site in Germany as well as 30 distribution points in Germany and France. The transfer is scheduled to be completed on November 30, 2012.
The decorative paints business of RELIUS in the Netherlands is not part of the transaction. BASF is currently negotiating the sale of this part of the RELIUS COATINGS business. The industrial coatings business of RELIUS COATINGS at the Oldenburg site in Germany is also not affected and will remain an integral part of BASF.
Dieter Prosch, Managing Director of PROSOL, said, "We are very pleased with the purchase of the decorative paints business of RELIUS COATINGS. It perfectly fits in with our portfolio and expands our network of sites."
PROSOL is a leading wholesale company for paints and coatings, with a product range that comprises decorative paints, automotive refinish paints, industrial coatings and wood coatings of leading manufacturers, as well as a broad offering of accessories.