BASF and Domo Chemicals to acquire Solvay’s polyamide business

BASF, Solvay, and Domo Chemicals have reached an agreement for the acquisition of Solvay’s polyamide business for €1.6bn (US$1.7bn) overall. In September 2017, BASF signed an agreement with advanced materials and specialty chemicals company Solvay to acquire its integrated polyamide business for €1.6bn. The agreement received conditional approval from the EU Commission in January this year. The conditions included divesture of Solvay’s European polyamide 6.6 facilities (PA6.6) to a third party.
BASF is now to acquire Solvay’s global, non-European PA6.6 business, including the company’s 50% share in Butachimie’s adipodinitrile (ADN) production as per the 2017 agreement. Backwards integration into important raw materials, such as ADN, will mean that BASF is present throughout the entire PA6.6 value chain, which will allow it to further increase its polymer production capacity. BASF will acquire a total of eight production sites, located in Germany, France, China, India, South Korea, Brazil, and Mexico.