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BASF to Acquire Resins Specialist Johnson Polymer.

Publication: Business Wire
Publication Date: 02-MAY-06 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
LUDWIGSHAFEN, Germany -- BASF (NYSE:BF)(FWB:BAS)(LSE:BFA):

--Acquisition of a profitable and innovative business with high growth rates

--Addition of water-based technology complements BASF's coating resins portfolio

--Strengthens global presence with focus on North America

BASF, Ludwigshafen, Germany, today (May 2, 2006) announced an agreement to acquire resins manufacturer Johnson Polymer, a subsidiary of JohnsonDiversey Inc. of Sturtevant, Wisconsin, a U.S. cleaning and hygiene products manufacturer. The respective agreement signed on May 1, 2006 provides for a sale price of $470 million on a cash and debt-free basis. Both companies have agreed not to disclose additional financial details of the deal. The transaction, which is still subject to approval by the relevant authorities, is expected to close by the...

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