The automotive OEM, refinish and surface treatment business begins operating July 1 as a standalone company under Carlyle Group and Qatar Investment Authority ownership, with BASF retaining a 40% stake. The automotive coatings business formerly known as BASF Coatings began operating July 1 as an independent company under a new name, Surventis, a day after […]
BASF Coatings Names Executive Committee to Lead Standalone Company
Sale to Carlyle Group expected to close next week. BASF Coatings has named the seven-member executive committee that will run the automotive coatings business as an independent company beginning July 1, when its sale to Carlyle Group is expected to close. The committee will be led by incoming chief executive officer Jens Luehring. The appointments […]
BASF Coatings Positions Itself as Integration Partner for Robotic Refinish Painting
The coatings maker says it will focus on process integration, validation and digital color management as automated paint application moves into collision repair, and will not develop robotics hardware itself. BASF Coatings is staking out a role as an integration partner and process leader for robotics-enabled paint application in collision repair facilities, the company said […]
BASF Coatings Names Steve Arndt to Lead Global Refinish Business
BASF Coatings has appointed Steve Arndt senior vice president of its global automotive refinish coatings business, effective July 1, 2026. He succeeds Chris Titmarsh, who is stepping down after a 20-year career with the company. Arndt brings more than 30 years in the automotive refinish industry spanning manufacturing and distribution across North America and Europe. […]
BASF Coatings Names CEO for Post-Carlyle Standalone Company
BASF Coatings announced March 26 that Jens Luehring will become chief executive officer of the company when the pending sale to Carlyle Group closes, replacing Dr. Uta Holzenkamp, who has led the coatings division since 2022. The leadership transition is the latest step in the carve-out of BASF’s automotive OEM coatings, automotive refinish coatings and […]
Volvo Car UK Renews Three-Year Paint Partnership with BASF Coatings
Volvo Car UK announced Feb. 23 it has renewed its partnership with BASF Coatings UK Ltd for three years, continuing BASF’s role as the preferred paint coatings supplier for the Volvo Car UK Approved Bodyshop Network. Under the agreement, BASF will supply Volvo’s 78 approved body repair centres across the UK with its Glasurit and […]
BASF Coatings Opens New Lean Laboratory in Germany
BASF Coatings has opened a new laboratory at its facility in Wuerzburg, Germany focused on developing and producing waterborne basecoats for automotive OEM customers in Europe. The company said the “Lean Lab” concept divides work into three areas: a process laboratory for wet work, a product laboratory for customer support and product optimization, and laboratory […]
BASF Sells Majority Stake in Coatings Business to Carlyle
Chemical company to keep 40% stake as private equity firm carves out coatings unit for an enterprise value of $8.9 billion. BASF SE agreed today to sell a majority stake in its automotive and industrial coatings businesses to Carlyle Group Inc. for an enterprise value of €7.7 billion ($8.9 billion), while retaining a 40% stake […]
Carlyle Reported Front-Runner to Acquire BASF Coatings Business
Private equity firm Carlyle Group has emerged as the front-runner in talks to acquire BASF’s coatings business in a deal valued at roughly €7 billion ($8.2 billion), according to a Reuters report today citing a source close to the matter. According to Reuters, Carlyle has outbid other financial investors that had shown interest in the business. […]
BASF Reported Launching Next Round of Bidding for Coatings Business
A smaller group of potential acquirers expected to participate next month. The sale of BASF’s coatings business is moving to the next round of offers from a short list of bidders in August according to a report in Bloomberg. According to the report, based upon anonymous sources familiar with the matter, AkzoNobel and several private […]
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