# BASF to acquire Solvay's polyamide business for €1.6 billion

BASF SE and Solvay SA have signed an agreement for BASF to acquire Solvay's integrated polyamide business for €1.6 billion. The transaction is subject to regulatory approvals and is expected to close in the third quarter of 2018.

- Type: Acquisition
- Announced: 2017-09-21
- Where: Germany
- Value: $1.90B (1.60B EUR)
- Jobs: 2,400
- Status: announced
- Products: polyamide 6.6, engineering plastics, adipodinitrile
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Solvay](https://endata.com/companies/1830.md)
- [BASF](https://endata.com/companies/298.md) (acquirer)
- [Solvay](https://endata.com/companies/1830.md) (target)

## Sources

- [chemengonline.com](https://www.chemengonline.com/solvay-sells-global-polyamide-business-to-basf-for-e1-6-billion/), 2017-09-21: "Solvay's planned divestment of Polyamides marks a tipping point in the profound transformation journey we began four years ago."
- [3dprintingindustry.com](https://3dprintingindustry.com/news/details-e1-6-billion-basf-solvay-deal-new-3d-printing-division-benefit-122407/), 2017-10-09: "When the M&A transaction is completed, Solvay’s polyamide division will be integrated into BASF’s Performance Materials and Monomers divisions and will complement BASF’s engineering plastics offering."
- [everchem.com](https://everchem.com/q3-m-a/), 2017-10-12: "Solvay | BASF | nylon – $1,570s/$1,900v"
- [ptonline.com](https://www.ptonline.com/articles/basf-buys-solvays-nylon-66-business), 2017-10-26: "The transaction, which will further bolster BASF’s position in nylon engineering resins, is expected to be finalized in the third quarter of 2018."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.