IGM Resins BV, a leading global producer and supplier of radiation curable materials acquired BASF's global photoinitiator business on August 26, 2016. Photoinitiators are used in radiation curing formulations in various industries. Typical end use applications are coatings for furniture and flooring, printing labels, consumer goods and food packaging, and in electronics. The transaction comprises all assets of the business including technology, patents and certain trademarks, customer relationships and business related contracts, as well as the photoinitiator production site at Mortara, Italy. Both parties have agreed not to disclose financial details of the acquisition.
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