Germany – BASF sells its flocculants business for mining applications to Solenis, a global producer of specialty chemicals. The divestment is part of BASF’s portfolio optimization, aiming to focus on core strategic areas.
Pending approval by the relevant merger control authorities, the transaction is expected to close in the second half of 2024. The parties have agreed not to disclose the financial details of the transaction.
BASF continuously evaluates its product portfolio to sharpen their strategic focus. In 2019, BASF transferred its paper wet-end and water chemicals business to Solenis and agreed on mid- to long-term supply agreements and commercial relationships between BASF and Solenis.
Solenis is a global producer of specialty chemicals for water intensive industries, including the pulp, paper, oil and gas, chemical processing, mining, biorefining, power and municipal markets. The company has 69 manufacturing facilities with over 16,000 employees.
