Chemetall acquires automotive paint coagulation business activities from Polymer Ventures
The global Surface Treatment business unit of BASF’s Coatings division, which operates under the Chemetall brand, has reached a final agreement to acquire the automotive paint coagulation business of Polymer Ventures Inc. and all shares of Galaxy Chemical Corporation.
The acquired technology for paint coagulation, a process for decaking and flocculating paint overspray, is a portfolio addition. Chemetall products prepare metal surfaces for the painting process and ensure paint adhesion. The acquisition of Polymer Ventures is the result of a long-standing partnership between the two organisations, whose customer portfolios are fully aligned.
Extension of the portfolio through paint coagulation
The acquisition offers customers a simplified supply chain, improved service with additional sales representatives and industry experts, new products through global research and development resources, and improved manufacturing and processing capabilities. Chemetall is thus in a position to offer its industries a technically advanced and complementary product portfolio.
About BASF’s Coatings division
BASF’s Coatings division is active in the development, production and marketing of innovative automotive and automotive refinish coatings, architectural coatings and applied surface technology for metal, plastic and glass substrates for numerous industries. In 2017, the division achieved global sales of about € 3.97 billion.
