29.11.2019 • News

BASF’s Construction Chemicals to Lone Star?

BASF Discusses Construction Chemicals Sale to Lone Star (c) BASF

BASF is in exclusive talks on the sale of its construction chemicals business with private equity firm Lone Star, according to news agency reports, which said a deal could value the business at about €3 billion.

Lone Star beat out a rival consortium that included Cinven and Bain Capital, people close to the matter told Reuters, which also said BASF has confirmed it is talking with only one bidder

Neither BASF nor Lone Star has confirmed the talks.

The German giant kicked off the sale process in January but has failed to attract an industry buyer. BASF had initially hoped to sell the business to Swiss cement maker LafargeHolcim, but the two could not agree terms. Reports said LafargeHolcim considered the asking price too high.

BASF bought the construction chemicals business from Degussa in 2006 for €2.7 billion, including €500 million of debt. The business supplies mortars and cement additives, as well as waterproofing materials and sealants under the Master Builders brand.

Special Issue

Explore the Future of Plastics

Circular Plastics Economy

This special CHEManager issue explores the industry’s pivotal shift towards a more sustainable, circular plastics value chain. Readers will find expert analysis and real-world solutions for today’s most pressing recycling and regulatory challenges.

Virtual Event

Perfection Starts in the Tank

High Performance Food Production

On Demand | Optimize your food production with smarter mixing—join the Ystral seminar to discover 20 real-world applications that cut processing times, reduce costs, and boost product quality.