The Urethane Blog

BASF Mulling Interest in Sale of Construction Chemicals Business

BASF seeks sale of $3B construction chemicals business – Bloomberg

|About: BASF SE (BASFY)|By: , SA News Editor

BASF (OTCQX:BASFY -1.3%) has launched a sale process for its construction chemical business, which could fetch ~€2.7B ($3B), Bloomberg reports.

Carlyle Group and Standard Industries are among parties weighing offers for the BASF unit, which also could attract interest from other P-E firms including Bain Capital, Cinven and KKR, according to the report.

The unit generated EBITDA of €245M last year on €2.4B in sales.