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BASF completes sale of Wibarco

29 Jun 2007 - The sale of BASF's subsidiary Chemische Fabrik WIBARCO GmbH (Wibarco) to Hansa Chemie International AG has closed. Further approvals by the authorities are not required.
 
Wibarco, located in Ibbenbüren in northern Germany, mainly produces linear alkylbenzene (LAB). LAB is a starting material for linear alkylbenzene sulfonate (LAS), a key component of most modern detergents. Hansa Chemie International has acquired the workforce of approximately 80 employees and plans to develop the Ibbenbüren site further.
 
Wibarco's business was not strategically relevant to BASF. Following the sale of these activities, BASF's Performance Chemicals division plans to systematically expand its business with its strategic product lines for the detergents and cleaners industry.