Ludwigshafen, Germany - BASF has signed an agreement with foam manufacturer Recticel to acquire its compounding business for polyurethane systems for glass encapsulation, the company said 28 Oct.
The deal, subject to approval by antitrust authorities, will include the PU specialities business and Recticel's Colofast patented aliphatic light-stable compounds.
According to BASF, polyurethane sealant is used in 7 percent of all glass applications in the automotive industry worldwide.
"By acquiring this business, BASF will achieve an excellent global position in this attractive speciality market," said Jacques Delmoitiez, president of BASF Polyurethanes. "At the same time we are adding a further innovative technology to our already comprehensive portfolio of PU solutions. This will open up great potential in the growing market for solar panel applications."