BASF will acquire Solvay’s global polyamide business
10 Oct 2017 11:16

BASF, the largest chemical producer in the world, will acquire Solvay’s global polyamide business. The deal is valued at €1.6 billion with the transaction scheduled to complete in the third quarter of 2018. 3D Printing Industry asked Werner Bach, Management Support Business Build Up & Communication 3D Printing, a few questions about the deal. “When the M&A transaction is completed, Solvay’s polyamide division will be integrated into BASF’s Performance Materials and Monomers divisions and will complement BASF’s engineering plastics offering,” explains Bach.

Strengthening position to range of industries

For the most recent full financial year of 2016, net sales at the division to be acquired from Solvay were €1,315 million, with EBITDA of approximately €200 million. The Solvay polyamide division has approximately 2,400 employees globally, with 1,300 in France. On a global basis operations take place at 12 production sites, 4 R&D locations and 10 technical support centers. As previously reported, a specialist 3D printing division, BASF 3D printing Solutions GmbH, was established in September 2017. Bach says, “BASF 3D Printing Solutions GmbH will benefit from the acquisition so far as Solvay is already active in 3D printing, mainly as a materials supplier to the industry.” “In order to strengthen our ambition to offer materials, system solutions, components and services to industrial additive manufacturing we will use synergies by implementing Solvay’s current 3D printing efforts into our portfolio.” Jean-Pierre Clamadieu, CEO of Solvay said, “Solvay’s planned divestment of Polyamides marks a tipping point in the profound transformation journey we began four years ago. Successful completion of this transaction will further reinforce Solvay as a multi-specialty chemical group, delivering superior growth and sustainable value.”

Prepared on the basis of 3D Printing Industry