DOMO Chemicals and BASF have finalized the purchase of DOMO Chemicals’ 49% share in the Alsachimie joint venture, making BASF the sole owner of the production entity for polyamide (PA) 6.6 precursors in Chalampé, France. The parties have agreed to not disclose financial details of the transaction.
Produces essential precursors for polyamides
Alsachimie was founded in February 2020 as a joint venture between BASF (51%) and DOMO Chemicals (49%). The company is located in Chalampé (France), at the French-German border, and produces essential precursors for polyamides, including KA-oil, adipic acid and Hexamethylendiaminadipat (AH salt).
“For DOMO Chemicals, the transaction aligns with our strategy to continue to focus on delivering tailored polyamide solutions in the core segments automotive, consumer goods, industrial and electrical & electronics industries,” said Yves Bonte, CEO DOMO Chemicals.