# DIC to acquire BASF's global pigments business for €1.15B

BASF and DIC have reached an agreement for DIC to acquire BASF's global pigments business for €1.15 billion on a cash and debt-free basis. The transaction is expected to close in Q4 2020.

- Type: Acquisition
- Announced: 2019-08-29
- Where: Germany
- Value: $1.27B (1.15B EUR)
- Status: announced
- Products: pigments
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (partner)
- [BASF](https://endata.com/companies/298.md) (target)
- [DIC Corporation](https://endata.com/companies/19672.md) (acquirer)

## Sources

- [basf.com](https://www.basf.com/global/en/media/news-releases/2019/08/p-19-312), 2019-08-28: "We have achieved our goal to find an owner who considers pigments a core strategic business."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/97175-dic-to-acquire-basfs-global-pigments-business), 2019-09-03: "Our acquisition of BCE brings together complementary resources and expertise of two recognized leaders in innovation, product stewardship, regulatory leadership, application support and manufacturing."
- [plastech.pl](https://www.plastech.pl/en/news/dic-to-acquire-basf-s-global-pigments-business-14211), 2019-09-03: "BASF and the fine chemical company DIC have reached an agreement on the acquisition of BASF’s global pigments business."
- [doi.org](https://doi.org/10.1016/s0306-3747(19)30185-x), 2019-10-01: "Japanese fine chemicals company DIC Corp has entered into a definitive agreement to acquire BASF Colors & Effects, BASF's global pigments business."
- [adhesivesmag.com](https://www.adhesivesmag.com/articles/topic/2641-mergers-acquisitions?page=36), 2019-10-03: "DIC Corp. recently announced that it has entered into a definitive agreement to acquire BASF’s global pigments business, known as BASF Colors & Effects (BCE)."
- [everchem.com](https://everchem.com/q3-ma-activity/), 2019-10-10: "BASF | DIC | global pigments business – €1,000s/€1,150v"
- [everchem.com](https://everchem.com/q3-ma-activity-2/), 2019-10-10: "Chemical Deal Results | Seller | Buyer | Business | Date | | --- | --- | --- | --- | | BASF | DIC | global pigments business – €1,000s/€1,150v | 3rd Quarter 2019"

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