, announced today that it will acquire the major North American engineering plastics business of LATI
affiliate of the Italian plastics manufacturerLATI Industria Termoplastici
. Financial details were not disclosed.
The transaction involves customer lists for polyamide 6, polyamide 6,6, polybutylene terephthalate (PBT), and polyoxymethylene (POM) in
BASF says today’s acquisition is its fourth in the field of engineering plastics in the last three years. Effective November this year, BASF acquired the German company Leuna-Miramid. In 2003, BASF acquired and integrated Honeywell’s global engineering plastics business, as well as Ticona’s polyamide 6,6 business.
Parallel to the acquisitions, BASF is also investing to expand its global production facilities. As announced in February 2005, a compounding plant for engineering plastics is currently being built in