Articles Tagged with ''divestments''

The company is offloading a major coatings business as part of its global refocus plan.

The company is said to be evaluating strategic options for its Coatings business, according to multiple sources.

The divestment includes the production site in Illertissen, Germany, and aligns with BASF's strategic portfolio optimization.

The company announced the sale of its silica products business, including facilities in Louisiana and the Netherlands.

Stahl announced the divestment of its wet-end leather chemicals business, completing its transformation into a pure-play specialty coatings company.

The company is reshaping its Coating & Adhesive Resins and Health Care divisions, impacting 590 jobs and selling off non-core businesses worth €350 million.

The company announced that it has reached an agreement to divest its real estate property to the Lugman Group, a Frankfurt-based single-family office specialized in real estate, for cash.

As part of the company’s global strategy for 1,4-butanediol (BDO), it has assessed the market environment and product carbon footprints (PCF) of BDO and its downstream products from different production sites worldwide.

The new owner has taken over the assets and employees with immediate effect. No active business is included in the sale.

Vencorex recently announced that the group is now owned by a single shareholder: PTTGC International (Netherlands) B.V., a wholly owned subsidiary of the Thai company PTT Global Chemical.