๐๐€๐’๐… ๐ฌ๐ข๐ ๐ง๐ฌ ๐š๐ ๐ซ๐ž๐ž๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐ฌ๐ž๐ฅ๐ฅ ๐ฌ๐ข๐ฅ๐ข๐œ๐š๐ญ๐ž๐ฌ ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ, ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐  ๐š๐ฌ๐ฌ๐ž๐ญ๐ฌ ๐ข๐ง ๐ƒรผ๐ฌ๐ฌ๐ž๐ฅ๐๐จ๐ซ๐Ÿ, ๐ญ๐จ ๐๐

BASF and PQ have signed an agreement for the #sale of BASF’s #silicates business, including assets at the Dรผsseldorf/Holthausen site to PQ. Subject to customary closing conditions such as regulatory approvals, the transaction is expected to be completed in H2 2026. The parties have agreed not to disclose the financial details of the transaction.


Under the terms of the agreement, #PQ will acquire the sodium silicates business and the associated activities at BASF’s Dรผsseldorf/Holthausen site. PQ expects to continue and further develop the business under its ownership ensuring business continuity for customers and partners.


PQ is a supplier of silicates, silicas and derivative products, with worldwide reach. Silicates are versatile inorganic materials used in a wide range of everyday and industrial applications, including in the rubber and “#GreenTire” industry, #paints and #coatings, geotechnical applications as well as laundry detergents and cleaning products.


“The sale of the silicates business is the result of a thorough strategic assessment within the Care Chemicals division,” said Jordi Tormo Blasco, Vice President Business Management Industrial Formulators Europe at #BASF.


“With PQ, we have found a buyer with extensive experience in silicate production who can offer the business a sustainable long-term perspective. From the outset, it was important for us to identify a robust solution for the future of the business as well as a partner with whom we expect to continue close cooperation, given our continued presence at the Dรผsseldorf site.”


“BASF’s silicates business is an excellent strategic fit for our existing silicate network,” said Al Beninati, President and CEO of PQ. “The site’s central geographic location, highly skilled workforce, existing long-term partnerships with key customers and world-class facility provide an excellent foundation for further growth of the business. This acquisition will further enable PQ to serve our global customers with reliable quality and cost-effective solutions.


At this time, operations of BASF’s silicates business will remain unchanged and following the completion of the transaction, the companies expect a seamless transition for customers and partners.


source : BASF

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