The Chinese translation is being made; the original is shown for now.
BASF has signed an agreement to sell its mining solutions business to SNF, a privately held, specialty chemical company based in Andrézieux-Bouthéon, France.
The divestment of BASF’s mining business follows a comprehensive strategic review within BASF’s Performance Chemicals division. Subject to approval by the relevant merger control authorities and customary closing conditions, the transaction is expected to close in 2027. The parties have agreed not to disclose the financial terms of the transaction.
The transaction comprises the global mining solutions business including the production site in Cork, Ireland, and approximately 140 employees. It encompasses BASF’s mining chemicals portfolio, among others leaching and flotation reagents, and solvent extraction reagents including brands such as Luprofroth®, Lupromin®, Luproset®, LIX® and LixTRA®.
“BASF continuously evaluates its portfolio to sharpen strategic focus,” Anup Kothari, Member of the Board of Executive Directors, BASF SE, said. “We are confident that SNF is the right owner to further develop the mining solutions portfolio and serve customers in the industry. With its strong market position, deep mining expertise and growth ambitions SNF is well positioned to create further value for employees and customers alike.”
BASF and SNF are working towards a smooth transition post-closing, subject to and following receipt of all required regulatory approvals. Following completion of the transaction, SNF intends to provide customers with continuity of supply and service across global mining markets.
“This acquisition is a perfect fit for SNF,” Pascal Remy, Chairman and CEO of SNF, said. “BASF’s mining solutions portfolio is highly complementary to our existing product range and will significantly strengthen the solutions we can offer to our mining customers worldwide. Just as importantly, we are gaining highly experienced teams with deep expertise in flotation and hydrometallurgy – capabilities that complement our own and that we were looking to further develop.
He added: “We are very pleased to welcome these talented employees to SNF and look forward to combining their expertise with our global presence and strong customer relationships to accelerate the development of our mining business.”
The post BASF to sell leaching, flotation and SX reagents business to SNF appeared first on International Mining.