BASF plans to sell the decorative paints business of Relius Coatings

摘要

BASF Coatings said it plans to sell in the dear-term the decorative paints business of Relius Coatings GmbH & Co. KG along with the respective subsidiaries in France and the, Netherlands. The business encompasses decorative paints and plaster as well as coatings and glazing for construction applications. Regionally, it is focused on Germany and selected countries in Europe. In 2010, the business had total sales of approximately ·80 million. The sites in Memmingen, Germany, and Deurne, Netherlands, are part of the divestiture in addition to distribution offices of Relius for decorative paints.BASF's business with decorative paints in South America and China is not affected by the planned divestiture and will be further expanded. The business with industrial coatings of Relius Coatings that is managed out of the Oldenburg site will remain a part of BASF Coatings.