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BASF plans to sell its CONICA Sports Surfaces business

March 29/2012
(basf) --  BASF is planning to sell its CONICA Sports Surfaces business area. The intention is to divest the site at Schaffhausen (Switzerland) along with the business in order to create the conditions for the retention of jobs. Furthermore, production and production-related services for example logistics for other product lines currently based at Schaffhausen will be transferred to another BASF site. BASF now employs some 150 people at Schaffhausen.
We have a strong position with CONICA Sports Surfaces in the European home market, said Dr. Tilman Krauch, head of BASFs Construction Chemicals Division. However, growth opportunities for sports surfaces are mainly to be found outside of Europe. Furthermore, there are only few synergies with other BASF business areas that we can use to further expand the business. This is why we want to sell CONICA Sports Surfaces to a new owner who can offer the best possible chances for a long-term, profitable growth of the business.
The CONICA Sports Surfaces business area includes the development, production and marketing of surface systems for running tracks, gymnasia, tennis courts and playgrounds as well as solutions for artificial turf and molding binders. A little less than half of the Schaffhausen staff is employed in that business area. BASF acquired the business in 2006 in the course of its takeover of Degussas construction chemicals activities.
Author:Anna Larionova
Category:General News
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