Global specialty chemicals group Solenis has been confirmed to be the buyer of BASF’s flocculants business for mining applications, part of the latter company’s push to focus only on core strategic business areas and optimize its portfolio.
The transaction is currently pending approval but is expected to close in the second half of 2024. The parties have agreed not to disclose any financial details.
The product portfolio includes products used for solid liquid separation and material handling in mining applications under the trademarks Magnafloc, Rheomax, Alclar, Alcotac, Jetwet, Aerowet and Alcotech. With activities across the globe, the business has established a strong presence in key mining regions, BASF officials noted.
“BASF continuously evaluates its product portfolio to sharpen our strategic focus. The search for strategic partners plays an important role in this,” said BASF SE executive board member Anup Kothari.
“For our flocculants’ portfolio for mining applications, we have found such a partner in Solenis, and we are confident that the divestiture will further promote and develop the product range in the future to meet customer needs.”
Caren Hoffmann, vice president for BASF’s mining solutions business, added that the move will allow it to “further concentrate on the continued development and commercialization of our flotation reagents” while expanding its solvent extraction and leaching solutions.
Source: BASF