Elkem ASA acquires Basel Chemie

Elkem ASA acquired Basel Chemie, a Korean producer of specialty silicone gels for cosmetics and water repellents for the construction industry for $26.9 million. The acquisition gives Elkem access to leading technology in attractive end-user silicone segments and provides a solid platform for further development and growth, according to the company.

The acquisition is subject to final regulatory approvals. Closing is expected by the end of September 2019.

Basel Chemie will make Elkem a more comprehensive and attractive supplier within the cosmetics segment, and has an attractive product offering within building protection which can be leveraged outside Korea.

 

Source: happi.com

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