BASF has announced plans to optimize its structure to sharpen the company’s focus and lay the foundation to integrate Ciba’s businesses. In particular, there are changes being made to BASF’s Performance Products segment.
Changes effective April 1 in the Care Chemicals division will include combining all businesses that contribute to cleaning, personal care and hygiene in addition to human and animal nutrition and pharma. In addition, the assignment of the superabsorbents business to Care Chemicals will strengthen the division’s portfolio with additional consumer-related products for personal care.
BASF expects the approvals of the relevant antitrust authorities and the closing of the Ciba transaction toward the end of the first quarter, and said the so-called “Discovery Phase” will begin immediately after closing. During this time, joint teams consisting of BASF and Ciba employees will analyze the acquired businesses in depth to define a market-oriented positioning for the combined businesses as well as the optimal organizational structure. The actual integration process is then expected to start in the second half of 2009 on the basis of these results.
More info: www.basf.com