Page 162 - CW E-Magazine (16-7-2024)

News from Abroad

ADDITIVE MANUFACTURING
Forward AM Technologies formed by consolidating

BASF’s 3D printing expertise

BASF Forward AM and BASF have ing the MBO (Management-Buy-Out) mer-centric solutions, and a strong
announced the acquisition of BASF’s process. By working together, we could focus on cross-industry partnerships.
additive manufacturing (AM) business ensure that our team of experts and the It will retain control over intellectual
by the Forward AM leadership, led by innovative tools currently in place can property and with its strong supply
CEO Mr. Martin Back. The acquisition continue to provide leading AM solu- chain, the company expects to meet
includes Forward AM’s materials and tions to the manufacturing industry in future demands and fulfi l all contractual
solutions as well as its Sculpteo service times of volatility,” said Mr. Back. obligations without disruption.
business and leads to the creation of
Forward AM Technologies, also known Recent strong performance along During the transaction, BASF pro-
as Forward AM. with a consistent 30% annual growth vided strong support to enable the for-
rate over the past two years showcases mation of an independent company
Supported by BASF, this acquisi- the market’s trust in Forward AM’s which is set up for success, while also
tion aims to enhance customer support, materials and AM technologies, he added. saving jobs along with all the advanced
accelerate innovation, and improve technologies developed by the team at
market responsiveness. The newly formed fi rm unites Forward AM. Forward AM is head-
BASF’s materials and solutions busi- quartered in Heidelberg, Germany with
“I would like to express my grati- ness with a service offering, enhancing offi ces located in the US, France, the
tude to BASF for all their support dur- innovation, speed-to-market and custo- Netherlands and China.

CHLOR ALKALI CONSOLIDATION
Italy’s Esseco launches €350-mn takeover bid

for Spain’s Ercros

Esseco, an industrial group based share, exceeding by 6.7% an earlier it intends to actively contribute to the
in Italy, has announced a competing bid from Portuguese industrial group development and growth of Ercros, and
voluntary tender offer for 100% of Bondalti that had offered €3.6 per share to “promote its opportunities as a clear
the share capital of Ercros, a Spanish in March. At €3.84 per share, Esseco Southern European leader in caustic
chlor-alkali group listed on the Spanish offer amounts to a maximum of around soda, potassium derivatives, paraformal-
Stock Exchanges. €351-mn. dehyde and trichloroisocyanuric acids
and as a broader European chemicals
Esseco is offering €3.84 per Ercros Esseco said through the transaction, player in its specifi c areas of activity”.

Takasago’s German arm unveils new building

Takasago Europe GmbH (TEG), “With ample offi ce and laboratory
the German subsidiary of Japanese fra- space, QA1 marks a signifi cant step in
grance & fl avour fi rm, Takasago Inter- our commitment to expanding our pre-
national Corporation, recently opened sence in Europe, Middle East and Africa,”
a new building ‘QA1’ in Zülpich, the company informed. “The strengthen-
Germany. The new building will mainly ing of these two departments will enable
be used by quality control/quality TEG to deliver even safer and more reli-
assurance and R&D departments. able products to the customers,” it added.

162 Chemical Weekly July 16, 2024

Contents Index to Advertisers Index to Products Advertised