Your Source for Up-To-Date News and Research on the Collision Repair Industry
click here to subscribe to the FREE INSIGHT Editor's Desk News Alert Email
SUBSCRIBERS-ONLY
Today's News
INSIGHT This Month
INSIGHT Archives
Survey Center
Letter to the Editor
Business Tools
Subscription Information
CSI Reporting
Financial Analysis
IRS Audit Guide
Management/
Technical Info
Market Watch Rates
INSIGHT Inside this month's issue...
Feedback
Letter to the Editor
Friday June 21
Australia's Wattyl Taken Over by BASF
Australian paint manufacturer Wattyl Ltd. has agreed to sell its 49 percent shareholding in BASF Wattyl Coatings Pty. Ltd. to BASF Coatings AG, in a deal worth about A$5.8 million.
The agreement extends to the sale and license of related technology. The Australian company said the arrangement reflects its strategy to focus on core business areas such as architectural, decorative and select industrial coatings. However, Wattyl has agreed to toll manufacture various products on behalf of BASF.
BASF Coatings AG, part of German chemicals group BASF AG, formed a joint venture with Wattyl in 1999. The relationship allowed Wattyl to market Glasurit automotive refinish coatings technology in Australia.
©2002 Collision Repair Industry INSIGHT
All Rights Reserved
FEATURED
LINKS:
INSIGHT Supports the NABC!
Do You?
