Closing of the acquisition of the electronic chemicals business of Merck KGaA by BASF
The acquisition of the global electronic chemicals business of Merck KGaA, Darmstadt, by BASF Aktiengesellschaft, Ludwigshafen, was closed, April, 15, 2005. The anti-trust authorities approved the transaction unconditionally.
The acquisition includes Merck's production sites and distribution centers for high-purity chemicals in Taiwan, Malaysia, China, Singapore, France, the Netherlands and Germany.
Through the acquisition of these new activities, BASF will become a leading supplier of electronic chemicals for the rapidly growing semiconductor industry and for the production of flat screens, another area that shows high growth rates. The business acquired from Merck will help develop BASF's electronic chemicals business, and will significantly strengthen BASF's market position in Europe and Asia.
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