BASF completes CRI/Criterion styrene catalyst acquisition

04 January 2011 16:05  [Source: ICIS news]

LONDON (ICIS)--BASF has completed its acquisition of CRI/Criterion’s global styrene catalyst business, it said on Tuesday.

Bought from owner Shell for an undisclosed sum, the business makes catalysts used to dehydrogenate ethylbenzene to form styrene.

The deal was signed on 29 November 2010 and gives BASF CRI/Criterion’s customer list, contracts and exclusive and non-exclusive licences for intellectual property, including applicable patents and know-how in the field of styrene catalysts, as well as CRI/Criterion’s styrene catalysts inventory, BASF said.

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By: Nigel Davis
+44 20 8652 3214

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