Archroma, a leader in specialty chemicals for the textile, paper and emulsions sectors, has acquired BASF’s global textile chemicals business.

This is the second strategic transaction by Archroma following its corporate carve-out from Clariant in 2013, after previously acquiring a stake in the textile dyes and chemicals manufacturer M. Dohmen in 2014.

The acquisition further solidifies Archroma’s position as an industry leader in supplying chemicals and dyes to the textile industry, the company reports.

Innovation and sustainability

The BASF business delivers products and technologies across the entire textile chemicals spectrum, with particular strengths in printing, finishing and coating chemicals.

The acquisition strategically complements Archroma’s product portfolio and geographical presence that will now include BASF’s strong market positions in Asia and several other high-growth markets. The combined textile chemicals businesses will continue their history of maintaining a strong commitment to innovation and sustainability, the manufacturer reports.

Innovation, quality and expertise

“The textile industry is undergoing transformational change resulting from macro supply and demand shifts as well as a growing customer demand for sustainably-oriented solutions,” said Alexander Wessels, CEO of Archroma.

“The operational and intellectual synergies between BASF and Archroma will allow us to offer our customers the full breadth and depth of innovation, quality, reliability, expertise and market coverage they need to prosper in these market conditions.”

About 225 employees globally are in the scope of the transaction, of which approximately 175 are located in Asia. The combined textiles businesses will remain headquartered in Singapore, close to customers in Asia’s fast-growing textile markets.

Archroma

Archroma is a colour and specialty chemicals company committed to innovation, cost-efficiency and sustainability. Archroma is headquartered in Reinach, Switzerland, and operates with approximately 3000 employees over 35 countries.

Through its three businesses: Textile Specialties, Paper Solutions and Emulsion Products, Archroma delivers specialized performance and colour solutions to meet customer needs in their local markets.

www.archroma.com