26 April 2012 09:11 [Source: ICIS news]
SINGAPORE (ICIS)--German producer BASF said on Thursday it has acquired ?xml:namespace>
BASF purchasing Novolyte from Arsenal Capital Partners, a US-based private equity firm, the German company said in a statement.
“Within the framework of the acquisition, BASF will continue a joint venture of Novolyte with Korean partner Foosung Co, a global producer of the high-purity specialty salt lithium hexafluorophosphate (LiPF6), a key material for manufacturing lithium-ion battery electrolytes,” it said.
Novolyte has production sites in Baton Rogue,
An additional site in
“With this recent acquisition, BASF is now positioned as a global supplier of lithium battery electrolytes with production sites in Europe, the
For more on BASF visit ICIS company intelligence
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