BASF to sell German insulation subsidiary

Published: November 9, 2012 6:00 am ET

Related to this story

Topics Construction, Materials, Mergers & Acquisitions, Suppliers

LUDWIGSHAFEN, GERMANY (Nov. 9, 11:45 a.m. ET) — BASF SE said Nov. 7 that it plans to divest its subsidiary BASF Wall Systems GmbH & Co. KG, together with the Marktredwitz site. Currently, BASF Wall Systems GmbH & Co. KG has about 190 employees, who will continue to be employed by the new owner.

The groups said BASF Wall Systems GmbH & Co. KG is a successful, medium-sized supplier of insulation and finishing systems in the German market. The company’s main field of business is systems for the exterior and interior thermal insulation of buildings, sold under the Heck brand.

The company also offers renovation and restoration systems for historical buildings under the Rajasil brand, and in 2011, generated sales in the mid double-digit million euro range, BASF said.

“Our Wall Systems business in Germany posted significant growth over the last few years. Nevertheless, there are only limited synergies with other BASF fields of activity that we can make use of. A new owner will be better able to drive the business,” said Tilman Krauch, president of BASF’s Construction Chemicals division, in the company announcement.

BASF emphasized that BASF Wall Systems GmbH & Co. KG “is not part of the insulating materials business of BASF,” adding that the system components produced by BASF Wall Systems GmbH & Co. KG itself include adhesive mortar and renders.

The group said its polyurethane and polystyrene insulating materials are not affected by this planned sale, and remain integral parts of the BASF portfolio that contribute to the construction of energy-efficient buildings.


Comments

BASF to sell German insulation subsidiary

Published: November 9, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Red Wave machine helps sort 4,000 metric tons of mixed plastics recycling

July 30, 2014 11:00 am ET

Redwave, the Austrian manufacturer of optical sorting machines for recycled plastics, supplied a line for the IMOG sorting facility in South West...    More

Herbold system removes foreign materials from recycling machine

July 30, 2014 10:55 am ET

Herbold Meckeshneim GmbH has developed an affordable, simple solution to remove foreign material that enters recycling machine, such as metal parts...    More

Image

EMS Chemie wins Norma Group's first global recognition award

July 30, 2014 10:11 am ET

Norma Group a Maintal, Germany-based maker of engineering joining technology, bestowed its first-ever Global Recognition Award for 2014 to EMS Chemie ...    More

Nitrofreeze launches dry ice deburring

July 30, 2014 10:09 am ET

In this steamy summer weather, here comes Nitrofreeze Cryogenic Solutions from Worcester, Mass., a maker of cyrogenic plastic deflashing and dry ice...    More

Software helps design heater band needs

July 30, 2014 10:07 am ET

You can use 3-D CAD drawings to design your heater band needs, at Heat and Sensor Technology in Lebanon, Ohio.    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events