16 August 2012 13:49 [Source: ICIS news]
LONDON (ICIS)--BASF has sold the decorative paints businesses of its subsidiary Relius Coatings in ?xml:namespace>
The sale of the businesses includes Relius’s Memmingen site in
The purchase price of the deal, which is scheduled to be completed on 30 November, was not disclosed.
Relius’s decorative paints business in the
"We are confident that this business can have a successful perspective at Prosol that has its core competencies in construction paints", said Markus Kamieth, president of BASF's coatings division.
Dieter Prosch, Prosol’s managing director, said: "It [the acquisition] perfectly fits in with our portfolio and expands our network of sites."
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