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BASF will hold 51% and Hannong Chemicals 49% shareholding in the joint venture, and will utilize BASF’s technology and product capabilities with Hannong’s production capabilities to supply non-ionic surfactant products to BASF and Hannong Chemicals.
Subject to the approval of all relevant authorities, BASF and Hannong Chemicals are planning to establish a production joint venture “BASF Hannong Chemicals Solutions Ltd.”. BASF will hold 51% an ...
BASF concluded the sale of its manufacturing site in Kankakee, Illinois, to an affiliate of One Rock Capital Partners, LLC, a U.S.-based private equity firm. The agreement also includes the associ ...
BASF agrees to divest manufacturing site in Kankakee, Ill. By Mary Page Bailey | December 18, 2020 BASF SE (Ludwigshafen Germany) has reached an agreement to sell its manufacturing site in Kankakee, Illinois and the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters produced there to an affiliate of One Rock Capital Partners, LLC, a U.S.-based private equity firm. The businesses have around 160 employees including business management and commercial personnel across the U.S. The transaction is expected to close in the first ...
BASF reaches agreement to sell site in Kankakee, Illinois to One Rock Capital Partners Business & Financial News | December 17, 2020 Global BASF reaches agreement to sell site in Kankakee, Illinois to One Rock Capital Partners BASF has reached an agreement to sell its manufacturing site in Kankakee, Illinois and the associated businesses of vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants and esters produced there to an affiliate of One Rock Capital Partners, LLC, a U.S.-based private equity firm. The b...