BASF Completes Cognis Acquisition
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.”
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