BASF acquires 100 percent of fine chemical company Orgamol

28-Jun-2005

BASF will acquire 100 percent of the Swiss fine chemicals company Orgamol S.A. The necessary majority of Orgamol's Swiss employees approved with more than 99 percent the sale of their 25 percent combined shareholding to BASF at a meeting held in Evionnaz, Switzerland. At the beginning of June 2005, BASF had already reached an agreement with the private owners regarding the sale of their 75 percent share in Orgamol. The transaction is still subject to approval by the competent authorities.

The global contract manufacturing business will be managed from Switzerland. As a result, a small number of employees from BASF's Pharma Solutions unit will be relocated from Limburgerhof, Germany, to Orgamol's headquarters in Evionnaz.

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