Home / Knowledge / News / Textiles / Archroma acquires global textile chemical business of BASF
Archroma acquires global textile chemical business of BASF
01
Jul '15
Archroma, a producer of speciality textile chemicals has acquired the global textile chemicals business of Germany based BASF.

“The acquisition further solidifies Archroma’s position as a clear industry leader in supplying chemicals and dyes to the global textile industry,” Archroma said in a press release.

This is the second strategic transaction by Archroma following its takeover of the textile business of Clariant in 2013 and also acquiring a stake in the textile dyes and chemicals manufacturer M. Dohmen.

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

The acquisition, according to Archroma, strategically complements its 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,” it added.

“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.

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

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.

The closing of the transaction of BASF Pakistan (Private) Ltd in Pakistan is expected to take place in August 2015.

Archroma is a portfolio company of US-based private investment firm SK Capital Partners. (AR)

Fibre2Fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search