BASF Completes Cognis Acquisition

December 10, 2010

BASF (Ludwigshafen, Germany) successfully completed its acquisition of Cognis Holding GmbH yesterday for an equity purchase price of €700 million, the company announced.

BASF (Ludwigshafen, Germany) successfully completed its acquisition of Cognis Holding GmbH yesterday for an equity purchase price of €700 million, the company announced.

By purchasing Cognis, BASF will become a leader in personal care ingredients and strengthen its position in the human nutrition market.

“Cognis’s and BASF’s know-how and range of products complement each other very well,” said Jürgen Hambrecht, chairman of BASF’s board of executive directors, in a press release. “The combination will broaden our portfolio of specialty chemicals and boost innovation for our customers.”