BASF AG, Ludwigshafen, Germany, announced the signing of definitive agreements for two transactions with Honeywell International, Morris Township, NJ. (Acquisitions, expansions).
BASF AG, Ludwigshafen, Germany, announced the signing of definitive
agreements for two transactions with Honeywell International, Morris
Township, NJ. BASF has agreed to acquire Honeywell's worldwide
engineering plastics business, in a separate transaction, BASF has
agreed to sell its worldwide nylon fibers business to Honeywell. Through
these transactions, BASF will exit the fibers market and concentrate on
its plastics business, which also includes styrenics, polyurethanes and
nylon intermediates.
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