LONDON (GC Intelligence) — BASF, the German chemical company, closed the acquisition of Solvay’s nylon 66 (PA66) business, according to a recent company press release.
The €1.3bn deal includes eight production sites around the world and it encompasses shares in two joint ventures (JV).
The first is Butachimie, a 50% JV with Invista, located in Chalampe, France, which produces adiponitrile (ADN) and hexamethylenediamine (HMD), two major PA66 raw materials.
The second is Alsachimie, a 51% JV with DOMO Chemicals, also in Chalampe, France, which produces adipic acid, another vital PA66 raw material.
The company noted that “Through the backward integration into the key raw material adiponitrile (ADN), BASF will now be present along the entire value chain for polyamide 6.6 and improve its supply reliability.”