en.Wedoany.com Reported - BASF has signed an agreement with PQ to sell its silicate business to the latter. The business includes assets at the Düsseldorf and Holthausen sites. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the second half of 2026. The parties did not disclose the financial details of the deal.

Under the agreement, PQ will acquire BASF's sodium silicate business and related activities at the Düsseldorf and Holthausen plants. PQ stated that it will continue to operate and drive the development of the business after taking ownership to ensure business continuity for customers and partners.

PQ is a global supplier of silicates, silicas, and derivative products. Silicates are versatile inorganic materials widely used in everyday and industrial applications, including the rubber and "green tire" industries, paints and coatings, geotechnical engineering applications, as well as laundry detergents and cleaning products.

Jordi Tormo Blasco, Vice President of Business Management for Industrial Formulations Europe at BASF, said the sale of the silicate business is the result of a thorough strategic review by the Care Chemicals division. In PQ, BASF has found a buyer with extensive experience in silicate production, capable of providing a sustainable long-term perspective for the business. He mentioned that from the outset, it was very important for BASF to find a solid solution for the future of the business and a partner who wants to continue close cooperation, as the company will remain at the Düsseldorf site.

Al Beninati, President and CEO of PQ, noted that BASF's silicate business has an excellent strategic fit with PQ's existing silicate network. He emphasized that the plant's central geographic location, highly skilled workforce, existing long-term relationships with key customers, and world-class facilities provide a strong foundation for further growth of the business. This acquisition will further enable PQ to serve global customers with reliable quality and cost-effective solutions.

Currently, operations of BASF's silicate business will remain unchanged. Upon completion of the transaction, the company expects a seamless transition for customers and partners.

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