Photoinitiators are used in radiation-curing formulations in various industries. Source: billyhoiler/fotolia.com
30. Aug 2016 | Raw materials
BASF divests global photoinitiator business to IGM Resins
BASF has sold its global photoinitiator business to IGM Resins B.V., Netherlands, a global producer and supplier of radiation-curable material.

High-performance photoinitiators dedicated to specific needs of electronics customers are not part of the divestment, as the electronics industry is one of BASF’s strategic focus areas.
Focus on core resins and additives technologies
Photoinitiators are used in radiation-curing formulations in various industries. Typical end-user applications are coatings for furniture and flooring as well as inks for printing and packaging. "This transaction allows BASF to focus on its core resins and additives technologies in the radiation-curing markets. Furthermore we will continue to serve the specific needs of the electronics industry with high-performance photoinitiators,” said Dr. Markus Kramer, President of BASF’s Dispersions & Pigments division.
Transfer of the Mortara production site
The transaction comprises business assets including technology, patents and certain trademarks, customer relationships and business-related contracts as well as the company’s photoinitiator production site in Mortara, Italy. The transfer of the Mortara site and all of its employees to the acquiring company is expected to be completed shortly after the consultations with local employee representatives. Approximately 120 employees are affected globally. Both parties have agreed not to disclose financial details of the acquisition.

Books
Coatings Formulation
Your comprehensive knowledge base when it comes to the formulation of paints and coatings: already in its 3rd edition, this book imparts the composition of coatings clearly, placing special emphasis on the base binder in each type. Advice on specific formulations is then given before formulation guidelines are analysed. Examples of how to develop a real-life paint formulation round off this comprehensive standard work.
There was an error while sending your comment. Please try again.
Your comment was too long. There are a maximum of 2048 symbols allowed!