BASF completes acquisition of Chemetall

BASF has completed its acquisition of Albemarle's global surface treatment business, Chemetall.

Through this acquisition, BASF's Coatings division expands its portfolio to become a more complete solutions provider.

BASF combines its know-how in chemistry and coatings applications with Chemetall's market-leading expertise in surface treatment.

The combined businesses will benefit from each other's global infrastructure, scale and market access, driving new growth opportunities by offering an unmatched solutions competence to customers.

"We are extending a warm welcome to our new colleagues. The acquisition of Chemetall allows us to significantly expand our market. By combining the expertise and innovation power of two global market leaders, we will accelerate innovation and make our customers even more successful," said Markus Kamieth, President of BASF's Coatings division.

Chemetall develops and manufactures customized technology and system solutions for surface treatment.

Their products protect metals from corrosion, facilitate forming and machining, allow parts to be optimally prepared for the painting process and ensure proper coating adhesion.

These chemicals are used in a wide range of industries and end-markets, such as automotive, aerospace, aluminum finishing, and metal forming. Chemetall's sales for the full calendar year of 2015 were US$845 million.

To prepare for a seamless integration, BASF has established a Global Integration Management Team, which will ensure business continuity while maintaining a clear priority on meeting customer needs.