BASF plans to sell the decorative paints business of Relius Coatings in Europe

BASF’s business with decorative paints in South America and China is not affected by the planned divestiture and will be further expanded. Source: Kalle Kolodziej-Fotolia.com

BASF Coatings announced its intention to sell near-term the decorative paints business of Relius Coatings GmbH & Co. KG and of the respective subsidiaries in France and the Netherlands. The business encompasses decorative paints and plaster as well as coatings and glazing for construction applications. Regionally, it is focused on Germany and selected countries in Europe. In 2010, the business had total sales of about EUR 80 million. The sites in Memmingen, Germany, and Deurne, Netherlands, are part of the divestiture. BASF’s business with decorative paints in South America and China is not affected by the planned divestiture and will be further expanded. The business with industrial coatings of Relius Coatings that is managed out of the Oldenburg site will remain an integral part of BASF Coatings. The businesses with protective and marine coatings, general industry coatings as well as coatings for rotor blades for wind energy facilities are explicitly not part of the planned divestiture. These activities will be further developed and globally expanded as a part of BASF’s Industrial Coatings business.