BASF and an affiliate of Lone Star signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. Lone Star is a leading global private equity firm with a proven track record of successful transactions in construction materials and related industries.
With more than a century of experience in the construction industry and through collaborative relationships with our business partners they deliver high-performance, sustainable and innovative solutions as well as excellent technical service. Within Lone Star’s portfolio, they will run the business as an independent company in an industry-specific set-up. This enables them to focus even more on the requirements of our customers in the construction industry.
As you can read from BASF’s news release, the divestiture is subject to the approval of the relevant competition authorities and expected to close in Q3 2020. Until Closing the Construction Chemicals business will remain to be a part of BASF and will be operated independently from Lone Star.
If you have any further questions, please do not hesitate to contact Christian Grajczonek, Head of Procurement, Construction -
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