BASF starts Engelhard integration after completing purchase

Published: 12-Jun-2006

BASF has sccessfully completed its acquisition of Engelha Corporation and says it has "started the integration process".


BASF has sccessfully completed its acquisition of Engelha Corporation and says it has "started the integration process".

Dr Juergen Hambrecht, chairman of the board of executive directors at BASF said: "Our goal is to make Engelhard an integral part of BASF to leverage both companies" strong talent, technology and unique applications expertise. Integration teams consisting of BASF and Engelhard employees will assess the combined business needs."

He added: "Our customers will benefit from the accelerated development of products with superior performance through the combined r&d capabilities of our companies."

As a result of the transaction, Engelhard is a wholly-owned subsidiary of BASF and its shares no longer trade on the New York Stock Exchange.

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