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BASF

BASF

BASF is a parent company of BASF Venture Capital founded in 1865 by Friedrich Engelhorn.

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 18,200 employees in North America, and had sales of $17.9 billion in 2017. They employ more than 112,000 employees, six Verbund sites and 376 additional production sites worldwide.

Their portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of €64.5 billion in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS).

Acquisitions
Solvay’s Polyamide Business

On August 22, 2019 BASF announced it will be purchasing Solvay’s Polyamide Business for €1.3 billion in cash. BASF acquired Solvay’s Polyamide Business to expand the companies opportunities for being a solution providers for the consumer, transportation, and construction industries, and gain better access to markets such as Asia and South America.

Advanc3D Materials GmbH and Setup Performance SAS

On July 4, 2018 BASF announced acquiring all shares of Advanc3D Materials GmbH and Setup Performance SAS. BASF acquired both Advanc3D Materials GmbH and Setup Performance SAS to aid the companies transition into operating in the 3D printing industry.

Innofil3D

On August 18, 217 BASF announced acquiring Innofil3D, a company manufacturing filaments for 3D printing technologies, for an undisclosed amount of money. The managing director of BASF New Business, Volker Hammes, made the following comments regarding the acquisition of Innofil3D:

With this acquisition, BASF is moving one step further along the value chain and can now provide not only plastic granulate for 3D printing but also the next processing level: the filaments.

Timeline

July 6, 2021
BASF and Clayton, Dubilier & Rice sign an agreement to sell Solenis to Platinum Equity.
November 5, 2020
BASF says that its plans to build a petrochemicals complex in India worth up to $4 billion.
October 2, 2019
BASF launches Insulated Masonry Veneer Systems for exterior building cladding
September 25, 2019
BASF launches Operation Weed Eradication to help growers eliminate weeds
June 21, 2019
Greentown Labs and BASF jointly launch the Greentown Labs Circularity Challenge

The stated goal of the challenge is to advance innovation for a circular economy

February 22, 2019
BASF and Linde Announce Collaboration Agreement for Natural Gas Processing Technology
2019
BASF generate sales of €59 billion in 2019.
2018
BASF generated sales of around €63 billion in 2018.
2018
BASF had more than 20,000 employees in North America and sales of $19.7 billion in 2018.

BASF generated sales of around €63 billion in 2018.

2017
BASF generated sales of more than €60 billion in 2017.

Invested in

Patents

Further Resources

Title
Author
Link
Type
Date

BASF - We Create Chemistry

Web

August 22, 2019

BASF A Great Place to Work

Web

February 3, 2015

BASF in four minutes

Web

March 15, 2022

Global Antimicrobial Textiles Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2026

Web

March 13, 2020

Your BASF Journey

Web

March 7, 2019

News

Title
Author
Date
Publisher
Description
July 30, 2021
WebWire
, , , , • Both companies collaborate to develop sustainable technology to produce bio-propanol from industrial residues , , • Innovative technology focuses on making use of a by-product of bio-diesel production , , • Novel process to produce advanced, bio-based propanol , , , , , , San Donato Milanese (Italy) and Ludwigshafen (Germany), July 29th, 2021 - Eni and BASF have signed a strategic agreement on a joint R&D initiative to reduce the CO2 footprint of the transportation sector. The cooperati...
July 22, 2021
WebWire
, , , , • BASF to exclusively supply high-energy HEDTM cathode active materials for Porsche's high-performance vehicles , , • BASF to recycle production waste from cell manufacturing at Cellforce Group to close the loop , , , , , , BASF has been selected by Cellforce Group, a joint venture between Porsche and Customcells, as the exclusive cell development partner for its next generation lithium-ion battery. As part of the collaboration, BASF will provide high-energy HEDTM NCM cathode active mate...
July 16, 2021
WebWire
, , , , • From 2020, BASF sources all palm (kernel) oils exclusively from RSPO-certified sustainable sources , , • By 2025, the commitment to certified sourcing includes key palm oil and palm kernel oil-based intermediates , , • Portfolio for palm-based surfactants with RSPO certification continues to grow , , , , , , BASF launched the fifth edition of its Palm Progress Report featuring figures for 2020. One of BASF's key renewable raw materials is palm kernel oil and its primary derivatives which...
July 6, 2021
WebWire
, , , , • Enterprise value of $5.25 billion for Solenis, which includes net debt of around $2.5 billion , , • BASF holds 49% of the shares in Solenis; 51% of the shares are held by Clayton, Dubilier & Rice and the Solenis management , , • Closing of the transaction expected before the end of 2021 , , , , , , BASF and Clayton, Dubilier & Rice have signed an agreement to sell Solenis to Platinum Equity, a California-based private equity company founded in 1995. The transaction implies an enterprise v...
June 29, 2021
WebWire
The world's first toxicology testing strategy without animal testing has been approved by the OECD (Organisation for Economic Co-operation and Development). The testing strategy consists of three so-called alternative methods. They can be used to predict whether a substance causes allergic reactions in the skin. Unlike in the past, animal testing will no longer be necessary for this. This testing strategy was developed and validated in a joint effort by BASF and Givaudan. "For more than 10...
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References

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