BASF Sells Marine Biopolymers Business
BASF SE and the Norwegian company Seagarden ASA recently announced they have signed a contract to transfer the Chitosan marine biopolymers business. Chitosan marine biopolymers are used in personal care products and as pharmaceutical ingredients. The transaction is expected to be formally completed by August 2012.
The divestment of the Chitosan business from former Cognis results from the portfolio optimization following the acquisition of Cognis by BASF in 2010. The Chitosan business, including the production site in
BASF Care Chemicals division offers a broad range of ingredients for hygiene, personal care, home care, industrial & institutional cleaning, and technical applications. It is the global leading supplier for the cosmetics industry as well as the detergents and cleaners industry and supports its customers with innovative and sustainable products, solutions, and concepts.
Seagarden ASA is a Norwegian Public Company with around 80 shareholders. The company is registered in
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