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BASF to Acquire Cognis
Posted: June 23, 2010
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The customers of Cognis include global consumer goods companies, as well as regional suppliers from the personal and home care industries and those from the area of health and nutrition.
Following the necessary approvals, the business will be integrated into BASF’s Performance Products segment. The segment had sales of €9.4 billion in 2009. Performance products help customers to improve their products and processes. They give special characteristics to countless everyday products: for example diapers, paper, vitamins for food supplements, UV filters for sunscreen, plastic additives and products for water treatment, mining applications and for the oil, automotive and coatings industries. “The acquisition of Cognis is an important step in our segment strategy of growth, value and sustainability,” explained Feldmann.