The company is reshaping its Coating & Adhesive Resins and Health Care divisions, impacting 590 jobs and selling off non-core businesses worth €350 million.

The company announced that it has reached an agreement to divest its real estate property to the Lugman Group, a Frankfurt-based single-family office specialized in real estate, for cash.

As part of the company’s global strategy for 1,4-butanediol (BDO), it has assessed the market environment and product carbon footprints (PCF) of BDO and its downstream products from different production sites worldwide.

With the Merichem Company advised by Grace Matthews, collectively-renamed Merichem Technologies will now be a global provider of sulfur treating technologies and solutions and a suite of proprietary chemical catalysts. 

The new owner has taken over the assets and employees with immediate effect. No active business is included in the sale.

With this sale, Evonik will completely divest the production of potassium derivatives and cyanuric chloride.

BASF announced that the company has reached an agreement to divest its manufacturing site in Quincy, Florida, and the associated attapulgite business for a purchase price of $60 million to Clariant. 

BASF has agreed to sell its share of the 50-50 joint venture ELLBA Eastern, Jurong Island, Singapore, to Shell.

AkzoNobel is selling its Building Adhesives business to Sika AG for €260 million.