(basf) -- Quantum Kapital AG, headquartered in St.
Gallen, Switzerland, plans to acquire BASF’s offset printing inks business
(IMEX) in Maastricht, Netherlands.
Quantum is a financial investor
specialized in the acquisition and the successful development of non-strategic
businesses of large companies. The sale covers all BASF’s offset printing inks
activities and includes the transfer of all BASF employees in Maastricht
dedicated to the business. Currently 57 employees are working for the IMEX
business of BASF. Quantum plans to continue the IMEX business at the Maastricht
site. Legal closing of the transaction will be in the third quarter of 2012. The
profitable IMEX business is expected to total sales of about 60 million Euro in
2012 and is an important supplier of heat set printing inks worldwide. The
partners agreed not to reveal the purchasing price .
BASF sold its
printing inks and printing plates business in 2004. The IMEX business was part
of BASF’s acquisition of former Ciba in 2009. At the Maastricht site BASF
currently produces offset printing inks and pigment preparations for the
plastics industry. The pigment preparations activities will be continued.
Overall, through process and site optimization measures, BASF plans to decrease
the number of the remaining positions at the Maastricht site from 92 to 73 by
end of 2013. Some BASF employees affected by the planned restructuring will be
offered a transfer to the IMEX business, and thus subsequently transfer to
Quantum.
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