BASF sells its German and French decorative paints business Relius to Prosol

摘要

BASF and Prosol Lacke + Farben GmbH signed a contract for the sale of the decorative paints business of Relius Coatings GmbH & Co. KG in Germany and Relius France SAS in France. The business encompasses construction paints and plaster as well as varnishes and glazes for construction application and is mainly based in Germany, France and some other selected countries in Europe. The sale of the business includes the Memmingen site in Germany as well as 30 distribution points in Germany and France. The transfer is scheduled to be completed on November 30,2012. The two parties agreed to not disclose any information on the purchase price.