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BASF India gets nod to acquire 100% stake in BASF Performance Polyamides
Jul-11-2020

BASF India has received approval from Board of Directors to acquire 100% stake in BASF Performance Polyamides from BASF Nederland B.V. and BASF SE, for a consideration of an amount not exceeding Rs 305 crore. The acquisition of BASF Performance Polyamides would strengthen the company’s position as a solution provider for key industries and would enhance market access to key growth markets. It would help the company in expanding its existing ‘Materials’ segment and extend value chain through backward integration into key raw materials.

BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties.

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