Subsequent to BASF's US$5.1 bln acquisition of plastics additive leader Ciba, the chemical giant arranged welcome events at Ciba sites in Europe, Asia and North and South America for smooth integration of employees into BASF family. Dr. Jürgen Hambrecht, Chairman of BASF's Board of Directors, and BASF Board members Dr. Hans-Ulrich Engel and Dr. John Feldmann met personally with employees at the former Ciba headquarters in Basel, Switzerland. Dr. Jürgen Hambrecht also addressed employees via a video message at sites in Lampertheim and Grenzach, Germany; Monthey, Switzerland; Raisio, Finland; Tarrytown, New York; São Paulo, Brazil; Shanghai, China; and Singapore.
"From today there are no longer Ciba employees on the one side and BASF employees on the other: We are now a joint BASF team," said Hambrecht. "We want to create added value and develop chemistry and innovations to help our customers." BASF announced its plans to acquire Ciba in mid-September 2008. In particular, Ciba has a leading market position with regard to its portfolio of plastics additives and coating effects materials. With the acquisition of Ciba, BASF will strengthen its portfolio and will expand its leading position in specialty chemicals.