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).
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.
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.
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.
The stated goal of the challenge is to advance innovation for a circular economy
BASF generated sales of around €63 billion in 2018.
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