Audia buying liquid masterbatch plant from BASF

By Frank Esposito
Senior Staff Reporter

Published: February 19, 2014 3:41 pm ET
Updated: February 19, 2014 3:43 pm ET

Related to this story

Topics Materials Mergers & Acquisitions Materials Suppliers
Companies & Associations BASF SE

Audia International — owner of three U.S.-based materials firms — is buying a liquid masterbatch plant in France from BASF SE.

No terms were included in a Feb. 19 news release. The plant is in Clermont de l’Oise, a city of about 10,000 in northern France. Officials with Ludiwgshafen, Germany-based BASF said that their firm is selling the plant in order to focus on solid and powder masterbatches. For BASF, liquid masterbatches “are a niche business and not part of its future focus,” they said.

The transaction is expected to close in mid-2014. Officials with Washington, Pa.-based Audia said in the release that the acquisition “is very strategic and represents an exciting expansion in technology, markets and geography.” Audia will run the liquid masterbatch plant as part of Uniform Color Co., a color concentrates maker based in Holland, Mich.

Uniform Color also operates a plant in Mexico and has manufacturing partnerships with firms in England and China. An Audia-owned plant in Slovakia is shared by Uniform Color and Washington Penn Plastic Co., a Washington, Pa.-based firm that ranks as one of North America’s largest polypropylene compounders.

Audia also owns Southern Polymer Inc., a resin distributor based in Atlanta. In total, Audia firms employ more than 1,000 at 10 manufacturing sites in North America and Europe.


Comments

Audia buying liquid masterbatch plant from BASF

By Frank Esposito
Senior Staff Reporter

Published: February 19, 2014 3:41 pm ET
Updated: February 19, 2014 3:43 pm ET

Post Your Comments


Back to story


More stories

Image

Commerce Department agrees to investigate PET dumping complaint

April 1, 2015 1:42 pm ET

UPDATED — A flood of alleged low-priced PET resin imports has led three U.S. PET makers to seek anti-dumping duties.    More

Image

Fire at Texas plant could impact polypropylene market

April 1, 2015 11:21 am ET

UPDATED — No injuries were reported in a March 30 fire at an ExxonMobil Chemical propylene unit in Beaumont, Texas — but the incident...    More

Image

Solegear raising funds as it debuts on TSX Venture stock exchange

April 1, 2015 11:08 am ET

A fledgling bioplastics company has raised capital for growth and obtained a listing on the TSX Venture stock exchange.    More

Image

Lanxess merges PU additives into Rhein Chemie division

April 1, 2015 9:17 am ET

German resin company Lanxess AG has combined the activities of the former Rhein Chemie and its Lanxess functional additives business into a new Rhein ...    More

Image

North American Pipe unit lab to focus on 'modern, innovative' formulations

March 31, 2015 3:25 pm ET

North American Specialty Products LLC — a unit of North American Pipe Corp. — has opened a new material science lab in Leola, Pa.    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events