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 transaction.
The deal includes the site and production facilities for the PA 6 product range, as well as engineering plastics compounds at São Bernardo do Campo in the metropolitan area of São Paulo.
The polymerization plant has a capacity of roughly 20,000 metric tpy. Around 100 employees will transfer to BASF.
Meanwhile, Mazzaferros monofilaments, fishing equipment and household products businesses are not part of the transaction and will continue their operations at the Diadema and São 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.
This acquisition is part of BASFs strategy to strengthen its position in the emerging countries. We will thus increase production presence close to our customers, said Dr. Wolfgang Hapke, president of BASFs performance polymers division.
The demand for polyamide in the automotive and extrusion industry will grow particularly strongly in Brazil, he added. The new site enables us to share in this growth and supply our South American customers with locally manufactured products faster and more flexibly.