BASF Will Focus On Leather Chemicals Business In The Future.
Recently, BASF has confirmed that its global textile chemicals business has been acquired by Archroma, a Singapore company.
The two sides agreed to keep secret the amount of the deal. Archroma said it hoped to complete the acquisition in the first quarter of next year after the completion of the registration and approval.
BASF stressed that the sale of textile chemicals business will continue to attach importance to leather chemicals business.
It is understood that if the acquisition business can be successfully completed, Achroma's textile dyeing and chemicals business will be replenished, and the international exposure rate of the company will also increase.
In addition, the elite team of BASF textile chemicals business department and its recognition in Asia and other high growth markets will contribute to Achroma's business development.
BASF said that the sale of textile chemicals business in line with the company's global strategy, the company will focus on leather chemicals including "customer demand driven growth" chemical business.
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