BASF on Thursday acquired the polyamide (PA) polymer business of Mazzaferro
Group in Brazil.
With the deal, BASF is strengthening its position with
regard to engineering plastics and polyamide polymers in South America, the
company says. The companies agreed not to disclose financial details of the
The deal includes the site and production facilities for the PA 6 product
range, as well as engineering plastics compounds at Sao Bernardo do Campo in the
metropolitan area of Sao Paulo.
The polymerization plant has a capacity of roughly 20,000 metric tpy. Around
100 employees will transfer to BASF.
Meanwhile, Mazzaferro’s monofilaments, fishing equipment and household
products businesses are not part of the transaction and will continue their
operations at the Diadema and Sao Paulo production sites.
The transaction is subject to post-closing approval from Brazilian
authorities. BASF says it will integrate the acquired business into its existing
engineering plastics and polyamide polymer business.