BASF announces scope of Basel site following Ciba Acquisition

06-Jun-09
Following the acquisition of Ciba Holding AG in April, BASF Group has decided that its European business unit for plastic additives and the global units for technology management and the restructuring of the pigment business will be located at the former headquarters of Ciba Holding AG in Basel (Switzerland). BASF is also establishing a new Business Center Switzerland in Basel, which will provide a platform for sales as well as finance and personnel functions in Switzerland. Basel will also be home to a BASF research center focusing on plastics, coatings and paper. As planned, BASF intends to merge Ciba Holding AG with BASF Specialty Chemicals Holding GmbH, Basel. However, the company said in a release that detailed integration plans and the necessary restructuring measures will be published in July. Also, BASF has decided to that the newly established Paper Chemicals operating division will be headquartered in Basel, Switzerland, together with two associated business units: Coatings & Starch Europe and Wet End Chemicals.
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