Wednesday, May, 29, 2024 02:07:55

BASF’s Surface Treatment business unit of the Coatings Division, operating under the brand name Chemetall, has reportedly entered into a conclusive agreement with Polymer Ventures Inc., for the acquisition of its automotive paint detackification business.

According to sources with the knowledge of the matter, the latest acquisition will help Chemetall to provide customers with the best-in-industry value. The firm is expected to streamline the combined supply chain and offer new products through global R&D resources as well as stronger processing and manufacturing potential.

Sources further claim that it will augment services through the mutual commitment of organizations to meet technical requirements, with more industry professionals and magnified in-field representation.

If industry experts are to be believed, the paint detackification technology, which is a process used in capturing and neutralizing paint overspray, complements the surface treatment products of Chemetall. The products are specially designed to prepare metal surfaces in the best possible way for the painting process and further ensures proper coating adhesion.

The latest transaction apparently concludes a long-term partnership between the two organizations which have their customer portfolios totally aligned. Reports also revealed that the combined business represents an enormous growth prospect for customers, employees and suppliers.

With this acquisition, Chemetall is now more efficient to provide technically advanced and developed product portfolio to the industries it serves. The acquisition also lets the company successfully keep the company with its market style of Cut It. Clean It. Coat It. Control It. Conserve It.®

The Coatings Division of BASF, for the record, specializes in the production, development, and marketing of sustainable and innovative automotive OEM, decorative paints, applied surface treatments for glass, plastic & metal substrates, as well as refinish coatings for a range of industries.

BASF’s expertise and resources of interdisciplinary and global teams benefit customers with the operation of a collaborative network of sites in North America, South America, Europe, and Asia Pacific. The Coatings Division had achieved approximately €3.97 billion through global sales in 2017.