LUDWIGSHAFEN, GERMANY: BASF SE has completed the sale of its production site for styrene butadiene dispersions for paper coating in Pischelsdorf, Austria to Synthomer Austria GmbH.
Synthomer Austria GmbH, a subsidiary of the British speciality chemicals manufacturer Synthomer plc.
The agreed purchase price amounts to €30 million; the 42 employees who work at the Pischelsdorf site have been taken on by Synthomer Austria GmbH.
The concentration of the production of paper dispersions in Ludwigshafen and Hamina, which is associated with the divestiture of the production site in Pischelsdorf, will strengthen the competitiveness of BASF in the European market.
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