en.Wedoany.com Reported - BASF has signed an agreement with PQ Group to transfer its silicate business, including assets at the Düsseldorf/Holthausen site, to the latter. The transaction is expected to close in the second half of 2026, subject to regulatory approvals and other customary closing conditions. Financial terms were not disclosed by either party.

Under the agreement, PQ will acquire the sodium silicate production operations and related assets at BASF's Düsseldorf site. Following the takeover, PQ plans to maintain and expand the business, ensuring operational continuity for customers and partners. Sodium silicate, a versatile inorganic material, is widely used in rubber, green tires, coatings, geotechnical engineering, and cleaning products. PQ itself is also a major global supplier of silicate and silica products.

Jordi Tormo Blasco, Vice President of Business Management for Industrial Formulations Europe at BASF, stated: "The divestiture of the silicate business is the result of a thorough strategic evaluation by the Care Chemicals division. We have found a buyer in PQ that has extensive experience in silicate production and can offer a sustainable long-term perspective for the business. From the outset, it was essential for us to find a reliable solution for the future of the business and a partner with whom we anticipate continuing to work closely, as we will continue our own operations at the Düsseldorf site."

Al Beninati, President and CEO of PQ, noted: "BASF's silicate business is an excellent strategic fit with our existing silicate network. The centrally located plant, with its highly skilled workforce, long-standing relationships with key customers, and advanced facilities, provides a strong foundation for further growth. This acquisition will further enhance PQ's ability to serve global customers with reliable quality and cost-effective solutions."

Until the transaction closes, the day-to-day operations of BASF's silicate business will remain unchanged. PQ stated that after closing, it will make every effort to ensure a smooth transition for existing customers and partners.

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