BASF to Acquire German Membrane Business

BASF has signed an agreement with Germany-based Inge Watertechnologies to acquire the company and its ultrafiltration membrane business.

The transaction, which is subject to approval by merger control authorities, is expected to close within the third quarter of this year.

The financial details of the transaction were not disclosed.

BASF performance chemicals division president Hans Reiner said by entering the water treatment membranes business, his company will be able to develop unique combinations of membrane and chemical technologies based on BASF’s polymer research and water treatment application know-how.