To further expand its position as a global supplier of engineering plastics, BASF signed an agreement with Solvay in September 2017 on the acquisition of Solvay’s integrated polyamide business. In January 2019, the EU Commission approved the acquisition subject to certain conditions, including the divestiture of Solvay’s polyamide 6.6 production facilities in Europe.
Recently, BASF, Solvay and Domo Chemicals agreed that Domo will acquire the European PA6.6 business from Solvay. This transaction is targeted to close by the end of 2019 and remains subject to the approval of the relevant competition authorities. BASF will acquire the global, non-European PA6.6 business from Solvay including its 50% share in Butachimie’s adipodinitrile (ADN) production according to the agreement signed in September 2017.
With this transaction, BASF will benefit from improved access to important growth markets in Asia and South America, enabling the company to improve the close collaboration with local customers. BASF’s product pipeline and product portfolio of engineering plastics will be enhanced as well, which will strengthen the position of the company as a provider of innovative solutions for the transport, construction, and consumer goods industries, among others.