Archroma India Private Limited and BASF India Limited (BIL) have signed an agreement for the acquisition by Archroma of BASF’s stilbene-based OBA (optical brightening agents) business for paper and powder detergent applications. The transaction includes BASF’s manufacturing unit at Ankleshwar, India, where approximately 100 people are currently employed, as the company says in the press release received by Lesprom Network.
The transaction is expected to be completed in the 4Q 2019.
Archroma is a global leader in color and specialty chemicals towards sustainable solutions.
