LUDWIGSHAFEN, Germany– BASF has successfully completed its acquisition of New Jersey-based Engelhard Corp.
The company has begun the process of integrating Engelhard as a wholly owned subsidiary of BASF, according CEO Jurgen Hambrecht.
“Together with the Engelhard team, we have started the integration process in which our customers continue to be the key priority,” said Hambrecht. “Our goal is to make Engelhard an integral part of BASF to leverage both companies’ strong talent, technology and unique applications expertise. Integration teams consisting of BASF and Engelhard employees will assess the combined business needs.”
As a result of the transaction, Engelhard shares no longer trade on the New York Stock Exchange.
For more information about BASF, go to: www.basf.com .
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