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BASF buys coil coatings business from Rhenania

By Liz White, UT staffMünster, Germany-BASF Coatings is to acquire the coil coatings business of Rhenania Coatings GmbH, in a deal designed to further extend BASF’s position in European coil coatings. The deal covers products, technologies and customer order lists, but not sites and manufacturing equipment. In 2004, Rhenanias’ coil coatings business had sales of about € 8 million. The acquisition strengthens our coil coatings business, which is of strategic importance to us,” said Thomas Stewing, BASF’s business director for Precoatings in Europe. At the same time, it expands our technology competence regarding the coating of aluminium.” The technologies BASF is gaining are particularly applied to aluminium used by the construction industry-for example in structures that provide sun protection, said BASF’s statement.The transaction is expected to be complete before the end of the year, subject to approval by the regulatory authorities. No financial details were disclosed.In coil coating, steel and aluminium substrates are coated prior to further manufacturing steps to make parts for construction, transportation and household appliances. BASF claims to hold a leading position in this market globally.”

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