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.