News

Ludwigshafen, Germany and Wilmington, Delaware, USA, January 31, 2019 – Following the approval of all relevant authorities, BASF and Solenis have completed the transfer of BASF’s paper wet-end and water chemicals business to Solenis as announced in May 2018. Effective February 1, 2019, the combined business will operate under the Solenis name and offer increased sales, service and production capabilities across the globe. With pro forma sales of around €2.4 billion in 2017 and approximately 5,200 employees, the combined company is positioned to provide an expanded product portfolio and cost-effective solutions for paper and water treatment customers. BASF will hold a 49% share, 51% of the shares will be held by funds managed by Clayton, Dubilier & Rice and the Solenis management.

Ludwigshafen, Germany – May 3, 2018 – On May 2, 2018, BASF and Solenis have signed an agreement to join forces by combining BASF’s paper wet-end and water chemicals business with Solenis. The combined entity with pro-forma sales of around €2.4 billion and around 5,000 employees in 2017 aims to deliver additional value for paper and water treatment customers. The goal is to create a customer-focused global solutions provider for the industry. For the paper industry, the product portfolio of the combined enterprise will cover the entire range of functional and process wet-end chemicals, solutions for the water cycle for paper mills, as well as comprehensive service capabilities. For the water treatment industry, the customers of the joint organization will benefit from Solenis’ high-quality service capabilities and BASF’s broad water treatment chemicals platform. Pending approval by the relevant authorities, closing is anticipated for the end of 2018 at the earliest. Financial terms of the transaction are not being disclosed.

Damien Caby joined BASF effective January 1, 2017 as the new head of the Global Business Unit Oilfield and Mining Solutions.