# BASF closes acquisition of Solvay's polyamide business for €1.3B

BASF closed the acquisition of Solvay's polyamide (PA 6.6) business on January 31, 2020, for €1.3 billion, including eight production sites and stakes in two joint ventures.

- Type: Acquisition
- Announced: 2020-01-31
- Where: Germany
- Value: $1.43B (1.30B EUR)
- Jobs: 700
- Status: completed
- Products: polyamide 6.6, Technyl, adiponitrile, hexamethylenediamine, adipic acid
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [BASF](https://endata.com/companies/298.md) (acquirer)
- [Solvay](https://endata.com/companies/1830.md) (partner)
- [Solvay](https://endata.com/companies/1830.md) (target)
- [Domo Chemicals](https://endata.com/companies/28583.md) (partner)

## Sources

- [basf.com](https://www.basf.com/global/en/media/news-releases/2020/01/p-20-114), 2020-01-30: "On January 31, 2020, BASF closed the acquisition of Solvay's polyamide (PA 6.6) business."
- [basf.com](https://www.basf.com/in/en/media/news-releases/global/2020/01/p-20-114), 2020-01-30: "On January 31, 2020, BASF closed the acquisition of Solvay's polyamide (PA 6.6) business."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/basf-closes-solvay-polyamide-business-acquisition/), 2020-02-03: "On Jan. 31, 2020, BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business."
- [packaginginsights.com](https://www.packaginginsights.com/news/basf-closes-%E2%82%AC13-billion-acquisition-of-solvays-polyamide-business.html), 2020-02-03: "The acquisition stands for our strong commitment to the polyamide business globally."
- [cen.acs.org](https://cen.acs.org/business/finance/Nettlesome-chemical-deals-close/98/i6), 2020-02-06: "Back integrating into adiponitrile—a nylon 6,6 precursor sometimes in short supply—was a key deal objective for BASF."
- [modernplasticsglobal.com](https://www.modernplasticsglobal.com/basf-closes-acquisition-of-polyamide-business-from-solvay/), 2020-03-03: "BASF closed the acquisition of Solvay’s polyamide (PA 6.6) business."

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