MOSCOW (MRC) -- On February 7, BASF acquired the private company Rolic AG headquartered in Allschwil, Switzerland, said BASF on its site.
Both companies have agreed not to disclose financial details of the transaction. The transaction includes Rolic’s affiliates in Allschwil, Eindhoven, The Netherlands and Shanghai, China. Regulatory approvals are not required.
Rolic is an innovative high-tech company with worldwide operations. The company’s 110 highly-skilled employees develop and sell ready-to-use formulations and functional film products for the display and security industry against forgery as well as barrier materials and films.
Rolic is a market and technology leader in photoalignment materials. Panel makers use Rolic’s technology to meet the needs of end consumers looking for products featuring optimum image quality with high contrast and brilliance, as well as very low energy consumption.
"We are excited to have the Rolic team join BASF. The acquisition is a further step that reflects BASF’s strategic and long-term commitment to grow in the electronics industry," said Dr. Markus Kramer, President of BASF’s Dispersions & Pigments division.
"Our ability to deliver best-in-class technology solutions for next generation electronic devices and our local presence in all major markets are key success factors to respond to customer needs in this fast-moving, innovation-driven industry. We are convinced that bringing Rolic’s strong technology know-how and customer relationships together with BASF’s market reach will create new opportunities for co-developing next generation LCD and OLED displays featuring higher resolution, more brightness and deeper contrast," said Dr. Lothar Laupichler, Senior Vice President of BASF’s Global Electronic Materials Business.
As MRC informed before, BASF formed a global business unit (GBU) combining all of its pigments activities effective January 2016. In the second half of 2016, BASF was to carve out its pigments business and establish separate legal entities.
The Dispersions & Pigments division of BASF develops, produces and markets a range of high-quality pigments, resins, additives and polymer dispersions worldwide. These raw materials are used in formulations for coatings and paints, printing and packaging products, construction chemicals, adhesives, fiber bondings, plastics, paper as well as for electronic applications such as displays.
BASF is the largest diversified chemical company in the world and is headquartered in Ludwigshafen, Germany. BASF produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries. BASF had sales of over EUR70 billion in 2015.
MRC