Engineering News

BASF Mulls Acquisition Of W.R. Grace - Report
Wednesday, July 30, 2008

BASF SE is looking into buying its U.S. rival W.R. Grace & Co. or other chemical companies as an exodus of private-equity firms from the acquisitions markets drags down takeover prices, Financial Times Deutschland said, citing sources in BASF's middle management and in the industry.

The German chemical maker has also assessed U.S. specialty chemicals maker Rockwood Holdings Inc. and German peer Cognis GmbH for potential tie-ups, the paper cited the sources as saying.

Earlier this year, second-tier BASF managers also discussed taking over Linde AG., the world's largest supplier of industrial gases, but the project was shelved, two people familiar with the matter told Financial Times Deutschland.

A BASF spokesman declined to comment on the report, saying only that BASF is permanently screening the market for acquisitions, according to the newspaper.

The spokesman also said takeover targets have to meet six criteria, namely above-market growth, sound finances, low cyclicality, innovative strength, offering unique value to customers and potential for synergies.

Source: AFX News Limited

Engineering News Archive

 
// CAREER RESOURCES

Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

// WHAT WE DO
Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Petrochemicals
Fine chemicals
Agrochemicals
Industrial gases
Surfactants
Fertilizers
Solvents
Coatings
Polymers
Pharmaceuticals
Refinery
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Industry News Career Center FAQs Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home