“With this agreement, we are bringing together the century-old history of BASF textile chemicals products, technologies and people with Archroma's already strong heritage from Hoechst, Sandoz and Clariant,” said Alexander Wessels, CEO of Archroma.

“Archroma already acquired 49% of textile manufacturer M. Dohmen in May 2014, illustrating our company’s determination to become the preferred supplier in our industries.”

Presence in Asia

The business delivers products and technologies across the entire textile chemicals spectrum, with particular focus on printing, finishing and coating chemicals segments.

The acquisition is said to complement Archroma’s textile dyes and chemicals portfolio and geographical presence. In addition, it is expected to allow the company to reinforce its Textile Specialties team with a specialist team that has an especially strong presence in Asia and other high growth markets.

Both BASF’s and Archroma’s textile businesses are headquartered in Singapore, close to the highly developing Asian textile markets and customers.

Strong technologies

“We are looking forward to partnering with the management and employees of the BASF textile chemicals business,” commented Thomas Winkler, Archroma’s Textile Specialties President.

“I am convinced that together we can build upon our strong technologies and market positions with the same commitment to customer focus, innovation, world-class quality standards, high service levels, cost-efficiency and sustainability.”

www.archroma.com