The transaction adds industrial wood-coatings R&D and manufacturing in Italy, the Philippines and the United States, marking Star Step’s first expansion outside the country.
RAG-Stiftung says its charter would permit a complete disposal of its Evonik holding, adding another consideration to BASF’s exploratory takeover discussions.
The acquisition included AUSA’s 250,000-sq.-ft. manufacturing facility in Barcelona, Spain, approximately 350 team members and access to 200 equipment dealers worldwide.
