Archroma Closes BASF Global Textile Chemicals Acquisition
July 17, 2015
This is the second strategic transaction by Archroma following its corporate carve-out from Clariant in 2013.
Aaron Davenport, managing director of SK Capital Partners; Christian Fischer, president of BASF’s Performance Chemicals division
Archroma closes the acquisition of BASF’s global textile chemicals business. This is the company’s second strategic transaction following its corporate carve-out from Clariant in 2013, after acquiring a stake in the textile dyes and chemicals manufacturer M. Dohmen in 2014.
About 225 employees globally are impacted by the transaction, according to Archroma, with approximately 175 of those located in Asia. The combined textiles businesses will remain headquartered in Singapore.
