Private equity firm Lone Star acquires BAF’s construction chemicals business for $3.5 billion

On Saturday, in a statement BASF’s construction chemicals business stated, Lone Star, a private equity firm has entered into a deal to acquire it for $3.5 billion (3.17 billion euros) on a cash and debt-free basis.

The deal, having immediate effect on BASF’s reporting, is expected to close in the third quarter of 2020, said the German company in a statement.

Incidentally, BASF’s construction chemicals business is the world’s largest biggest manufacturer of additives for concrete. It also offers a range of substances including concrete repair fillers, grouts and sealants under its Construction Systems business, where it is the fourth largest in the world.

In 2006, BASF had purchased the construction chemicals business from Degussa for 2.7 billion euros, including debt.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: