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Quantum Kapital AG to acquire BASF's offset printing inks business in MaastrichtMar 16, 2012 (M2 PRESSWIRE via COMTEX) -- St. Gallen, Switzerland and Ludwigshafen, Germany -- Quantum Kapital AG, headquartered in St. Gallen, Switzerland, plans to acquire BASF's offset printing inks business (IMEX) in Maastricht, Netherlands. Quantum is a financial investor specialized in the acquisition and the successful development of non-strategic businesses of large companies. The sale covers all BASF's offset printing inks activities and includes the transfer of all BASF employees in Maastricht dedicated to the business. Currently 57 employees are working for the IMEX business of BASF. Quantum plans to continue the IMEX business at the Maastricht site. Legal closing of the transaction will be in the third quarter of 2012. The profitable IMEX business is expected to total sales of about 60 million Euro in 2012 and is an important supplier of heat set printing inks worldwide. The partners agreed not to reveal the purchasing price . BASF sold its printing inks and printing plates business in 2004. The IMEX business was part of BASF's acquisition of former Ciba in 2009. At the Maastricht site BASF currently produces offset printing inks and pigment preparations for the plastics industry. The pigment preparations activities will be continued. Overall, through process and site optimization measures, BASF plans to decrease the number of the remaining positions at the Maastricht site from 92 to 73 by end of 2013. Some BASF employees affected by the planned restructuring will be offered a transfer to the IMEX business, and thus subsequently transfer to Quantum. Press Contact: BASF Nederland B.V. Quantum Kapital AG Dessa Langevoort Steffen Gorig Phone: +31 26371-7378 Phone: +41 71 272 21 41 E-Mail: E-Mail: [email protected] BASF SE Diana Weitenkopf Phone: +49 621 60 44 5 49 E-Mail: [email protected] BASF SE BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success, social responsibility and environmental protection. Through science and innovation we enable our customers in almost all industries to meet the current and future needs of society. Our products and system solutions contribute to conserving resources, ensuring healthy food and nutrition and helping to improve the quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF posted sales of about EUR73.5 billion in 2011 and had more than 111 ,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet . Quantum Kapital AG Quantum Kapital AG is an international investment company headquartered in Sankt Gallen/Switzerland. Quantum acquires and develops industrial companies in the manufacturing, trading and services sectors. It focuses on helping international groups to concentrate on their core businesses by acquiring 100% ownership of companies in marginal sectors. Quantum will support IMEX in its further advancement. More information on Quantum is available on the Internet. ((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected]. |