Schaffhausen, Switzerland – BASF is planning to sell its Conica polyurethane sports surfaces business. The company intends to divest its site at Schaffhausen, Switzerland, along with the business, which it says will “create the conditions for the retention of jobs.”
“We have a strong position with Conica sports surfaces in the European home market,” said Dr Tilman Krauch, head of BASF’s construction chemicals division. “However, growth opportunities for sports surfaces are mainly to be found outside of Europe.”
Krauch added that there are only a few synergies with other BASF business areas that the company can use to further expand the business. “This is why we want to sell CONICA Sports Surfaces to a new owner who can offer the best possible chances for a long-term, profitable growth of the business,” he said.
The Conica business includes the development, production and marketing of surface systems for running tracks, tennis courts and playgrounds as well as solutions for artificial turf and moulding binders. The company acquired the business in 2006 in the course of its takeover of Degussa’s construction chemicals activities.
BASF currently employs some 150 people at Schaffhausen, just under half of which are employed in the Conica business. The continued employment of employees from the business is a matter for negotiation with potential purchasers, BASF said, although it will look into the possibility of offering its staff further employment within the BASF group.