BASF Coatings is a division of BASF SE. BASF’s Coatings divi- sion develops, produces and markets innovative automotive coatings, automotive refinishes and industrial coatings as well
as decorative paints. BASF Coatings operate sites in Europe, North
America and South America as well as Asia Pacific. Within this
network, the company collaborates closely with its customers all
over the world. In 2015, the Coatings division achieved global sales
of $3.607 billion. Europe represents 40 percent of total sales, Asia
Pacific 23 percent, North America 18 percent and South America,
Africa and Middle East 19 percent.
BASF and AkzoNobel have reached a general agreement on the
sale of the industrial coatings business of BASF’s Coatings division
to AkzoNobel for $541.206 million. The transaction would include
technologies, patents and trademarks, as well as the transfer of
two dedicated production sites, one in Deeside, England, and one
in Vanderbijlpark, South Africa. BASF and AkzoNobel intend to
finalize and sign detailed transaction documents in due course. The
planned transaction is subject to the required consultation with employee representatives and certain regulatory approvals. BASF and
AkzoNobel intend to complete the transaction by the end of 2016.
BASF’s industrial coatings business generated sales of approximately $341.814 million in 2015 and supplies products for a number of end uses, including coil, furniture foil and panel coatings,
as well as coatings for wind energy plants, general industry and
commercial transport. “We have successfully developed our global
industrial coatings business over the last years with a clear focus on
attractive market segments. To further develop the business, we see
positive growth prospects under the umbrella of AkzoNobel, which
is a leading global player in industrial coatings,” said Markus Kamieth, president of BASF’s Coatings division. With this transaction,
BASF will further strengthen its focus on its core automotive OEM
and automotive refinish coatings businesses as well as the leading
decorative paints business with its brand Suvinil in Brazil.
BASF has signed an agreement to acquire the assets of Guangdong Yinfan Chemistry Co., Ltd. in China. With this acquisition,
BASF will establish a stronger coatings production footprint by
gaining access to a state-of-the-art automotive refinish coatings
plant in China. It will also enable BASF to broaden its automotive
refinish portfolio in Asia Pacific by adding the Yinfan line of products to its successful global brands including Glasurit, R-M, baslac
and Norbin.
“The acquisition underlines our strong commitment to growing
our automotive coatings business and further investing in emerging
markets,” said Kamieth. “With this acquisition, we will broaden
our portfolio and gain access to a strong distribution network,
which will strengthen our position in the fast-growing Chinese au-
tomotive aftermarket.”
The closing is expected in the second half of 2016, subject to nec-
essary regulatory, statutory and other approvals. Both parties have
agreed not to disclose financial details of the transaction.
Automotive Coating by BASF Honored with
Design Award
BASF Coatings recently launched XSpark, an exclusive color effect for
automotive OEM coatings that sparkles with particular brilliance in direct sunlight. Tiny glass particles that reflect light more precisely than
other effect pigments are applied together with the paint layer in a
single step. The resulting homogenous surface provides a pure solid-color reflection with particular depth, a complex paint effect that creates a high-quality, elegant-looking coating without being intrusive.
This innovation product has already won several international
awards, including the prestigious Red Dot Award: Product Design.”
For the first time in the 60-year history of the competition, an OEM
automotive paint has been awarded the coveted “Red Dot.” The
38 jurors, all of whom are independent design experts, chose the
winners from among the 4,928 submissions from all areas of industrial design. The evaluation criteria included the product’s degree
of innovation, its durability and its symbolic and emotional content.
10BASF Coatings Muenster, Germany www.basf-coatings.com
PUBLIC COMPANY
YEAR ESTABLISHED: 1865
REVENUE: $3.607 billion s (2014: $3.57 billion)
MARKETS SERVED
• Automotive OEM • Automotive refinish
• Commercial vehicles • Decorative coatings
• Industrial coatings
KEY EXECUTIVES
Markus Kamieth, president, BASF Group’s Coatings
Division; Martin Jung, Automotive OEM Coatings Solutions
Europe; Katja Scharpwinkel, Automotive Refinish Coatings
Solutions Europe, Jan Baumgartner, Industrial Coatings
Solutions Europe; Chris Toomey, Coatings Solutions North
America; Peter A. Fischer, Coatings Solutions Asia Pacific;
and Marcos Allemann, Business Management Decorative
Paints Solutions South America.
