In October, BASF and Entegris signed an agreement to sell the Precision Microchemicals business to Entegris for 90 million USD. The transaction includes technologies, intellectual property and trademarks and is expected to close by the end of 2021.
Kroll Corporate Finance acted as financial advisor to BASF and performed financial and tax due diligence in connection with the sale of Precision Microchemicals.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees of the BASF Group contribute to the success of our customers in almost every industry and almost every country in the world. Our portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the Frankfurt Stock Exchange (BAS) and as American Depositary Receipts (BASFY) in the United States.
Entegris is a world-class provider of advanced materials and process solutions for the semiconductor industry and other high technology industries. Entegris has approximately 6,600 employees across its global operations and is ISO 9001 certified. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan.