21st February 2019

CHEMETALL TO ACQUIRE THE AUTOMOTIVE PAINT DETACKIFICATION BUSINESS OF POLYMER VENTURES, INC.

The Surface Treatment global business unit of the Coatings division of BASF, operating under the Chemetall brand, has reached a conclusive agreement to acquire the automotive paint detackification business of Polymer Ventures, Inc., including all of its shares of Galaxy Chemical Corporation.

The paint detackification technology, is a process used to capture and neutralize paint overspray, and complements Chemetall's surface treatment products which are designed to optimally prepare metal surfaces for the painting process and ensure proper coating adhesion. The transaction culminates a long-standing partnership between the two organizations whose customer portfolios fully align.

The company says the purchase will provide customers with best-in-industry value: by streamlining the combined supply chain; enhancing service through the organizations' mutual commitment to meeting technical requirements with expanded in-field representation and industry specialists; new products through global R&D resources, and stronger manufacturing and processing capabilities. Furthermore, the joined business represents a significant growth opportunity for employees, customers and suppliers.

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