AkzoNobel today has made an agreed offer to acquire BASF’s Industrial Coatings business for €475 million ($528.2 million). The transaction would include technologies, patents and trademarks, as well as securing supply to customers worldwide. Two manufacturing plants, one in Deeside, England, and one in Vanderbijlpark, South Africa. would also be transferred to AkzoNobel. The business […]
Scharpwinkel Named Head of BASF Refinish Coatings in Europe
Dr. Katja Scharpwinkel took over the position as head of the Automotive Refinish Coatings Solutions Europe business unit at BASF’s Coatings division in Münster effective February 1. She succeeds Harald Pflanzl, who was appointed head of the BASF Group’s Central Europe unit in Vienna effective the same date. Scharpwinkel has held various positions throughout her […]
Changan Ford Selects R-M as Preferred Supplier in China
R-M, the refinish paint brand from BASF, has been officially appointed by Changan Ford in China to supply R-M ONYX HD premium waterborne paint solutions to their body shops. In light of increasing regulations in China to reduce volatile organic compounds (VOCs) in automotive refinishing, Changan Ford has begun a program to switch from solvent […]
BASF and AMA Group Announce 10 Year Supply Agreement
BASF (OTCMKTS:BASFY) has signed a ten-year partnership with the Australia and New Zealand bodyshop network AMA Group (ASX:AMA). Through this partnership, BASF will supply waterborne refinishing solutions from its premium automotive refinish paint brand Glasurit to AMA’s network in Australia and New Zealand of over 70 bodyshops. Chris Titmarsh, Vice President, Regional Business Management, Automotive Refinish […]
Tim Dawe Named Sales Director for BASF Automotive Refinish
Timothy P. Dawe has joined BASF Automotive Refinish as the new Sales Director for North America. Previously, Dawe was the Managing Director for Axalta Coating Systems in China. “Tim’s extensive experience and knowledge of the automotive refinish industry will enable him to immediately start to drive growth for BASF and our distribution partners,” said Paul […]
NOF Corporation and BASF Coatings Form Coatings Joint Venture in Japan
BASF Coatings Division announces continued growth NOF Corporation and BASF Coatings AG have agreed to conduct a feasibility study for joining their entire coatings business in Japan and signed a Letter of Intent hereto. The partners intend to complete the feasibility study by March 2000. NOF and BASF are currently operating two joint ventures in […]
BASF’s Winterman Sees Little Need for BASF to Acquire a Paint Company
Comments on shop, distributor and paint company consolidation as well as the investment deal with the Boyd Group Al Winterman, VP of Refinish for BASF, effectively dispelled rumors that BASF was actively seeking another paint company to merge with or acquire. Though believing consolidation among paint suppliers will continue, Winterman stated, “We’re trying to invest […]
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