BASF acquires SAN business from Lanxess in Europe and South America

05-May-2006

BASF is to acquire Lanxess' business with styrene-acrylonitrile (SAN) copolymers in Europe and South America. The deal involves a total of approximately 14,000 metric tons SAN per year. Both companies agreed not to disclose details of the sale price. The transaction is subject to approval by the relevant authorities.

The transaction involves the transfer of customer lists, licenses for patents and know-how as well as inventory. The agreement will not involve the transfer of production sites or personnel. BASF will serve the acquired business from existing production capacities at its Ludwigshafen site. Lanxess and BASF will cooperate closely to ensure the smooth supply of products and technical services for all customers.

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