BASF plans divestiture of German subsidiary BASF Wall Systems
BASF plans to divest its subsidiary BASF Wall Systems GmbH & Co. KG, together with the Marktredwitz site. Currently, BASF Wall Systems GmbH & Co. KG has approximately 190 employees, who will continue to be employed by the new owner.
BASF Wall Systems GmbH & Co. KG is a successful, medium-sized supplier of insulation and finishing systems in the German market. In 2011, the organization generated sales in the mid double-digit million euro range.
“Our Wall Systems business in Germany posted significant growth over the last few years. Nevertheless, there are only limited synergies with other BASF fields of activity that we can make use of. A new owner will be better able to drive the business,” said Dr. Tilman Krauch, President of BASF’s Construction Chemicals division.
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