Advised on SaleMaterials, Chemicals & Mining
Acquired the business Luranyl
BASF AG, Ludwigshafen, Germany has sold its Luranyl business in Europe and Asia to Romira GmbH, a maker of engineering plastics in Pinneberg, Germany.
Luranyl, a blend of PPE and HIPS, exhibits characteristically high heat resistance over a wide range of temperatures and incorporates a halogen-free flame retardant. It is used widely for electrical and electronic applications such as battery chargers, transformers, electrical sockets and switches, as well as in television sets. BASF has produced about 5,000 tonnes annually in Germany and Korea.
A member of the Rowa group of companies, Romira has made a name for itself in engineering plastic-styrene copolymers in particular and continually increased its market share.
IMAP initiated the transaction on behalf of BASF AG and handled the process in all its phases.