BASF Completes Divestiture of Paper Hydrous Kaolin Business to Imerys
Ludwigshafen, Germany/Gordon, Georgia – November 2, 2015 – BASF has closed the previously announced transaction to divest its global paper hydrous kaolin (PHK) business to Imerys, a producer of mineral-based specialty solutions for industry, based in Paris, France. Under a tolling agreement of limited duration, BASF will continue to manufacture and supply PHK products to Imerys to enable a smooth transition for customers. Included in the transaction is a kaolin milling facility in Wilkinson County, Georgia referred to as the "Gibraltar mill".
BASF will continue to own and operate its other assets in Georgia, USA including kaolin reserves, mining and production facilities, as well as a slurry facility in Ghent, Belgium.
"We have taken action to make our business fit for the future," said Dr. Shane Porzio, Vice President, Global Business Management Kaolin. BASF is committed to providing customers with the highest quality kaolin products, solutions and service.
At BASF, we create chemistry – and have been doing so for 150 years. Our portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. As the world’s leading chemical company, we combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of over €74 billion in 2014 and around 113,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.