BASF: agreement to sell its Styrodur business to BACHL
BACHL, one of Germany's leading manufacturers of insulation materials, is an experienced producer of XPS and a long-standing distribution partner of Styrodur for BASF.
Approximately 50 employees from production, marketing and sales at BASF SE are affected by this activity, but will remain within BASF SE.
' With the sale of the Styrodur business, BASF is consistently pursuing its strategy focused on expandable polystyrene, with our well-known brands Neopor and Styropor', said Dr. Klaus Ries, Head of Business Management Styrenics Europe at BASF.
Completion of the sale is scheduled for mid-2025. The parties have agreed not to disclose financial details of the transaction.
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