Angco Completes The Acquisition Of BASF Textile Chemicals Business

Archroma (ang Gao) is

The global leader in the field of specialty chemicals, papermaking solutions and emulsion products has further consolidated the position of Ango as the leading industry in the world. The company has announced that it has completed the acquisition of BASF's global textile chemicals business to better supply chemicals to the global textile industry.

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This is the second strategic paction since Angang split from the company in 2013. It also bought some of the M. Dohmen of textile dyes and chemicals in 2014.

The paction involved about 225 employees around the world, including about 175 employees in Asia.

After the merger, the textile chemicals business headquarters is still located in Singapore, close to the rapidly growing Asian textile market.

BASF's textile chemicals business can provide various products and technologies in the field of textile chemicals, especially in the field of printing, finishing and coating chemicals.

The acquisition played a strategic supplementary role in Angang's product mix and regional operations, making Angang able to take full advantage of BASF's strong position in Asia and several other high growth markets.

After the merger, the textile chemicals business will continue their success process and continue to abide by the commitment of innovation and sustainable development.

Alexander Wessels, chief executive of Angang, said: "

We are experiencing pformation resulting from changes in macro supply and demand, and are facing increasing demand from customers for sustainable solutions.

The integration of BASF and angco's operations and wisdom enables us to provide our customers with comprehensive and in-depth innovation, quality, reliability, expertise and market coverage so that they can achieve prosperity under these market conditions.