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Letter to the Editor
Monday January 5
Akzo Nobel and BASF Form Joint Venture
Dutch chemical group Akzo Nobel NV and German chemical company BASF have formed a joint venture for the production of chelates in North America starting in February.The joint venture will sell chelates exclusively to Akzo Nobel and BASF, while the sales and marketing of chelates in the United States will continue to be managed separately by the two companies, Akzo Nobel said in a statement.
No financial details of the deal were disclosed.
Chelates encapsulate metal ions and are used in a very wide range of applications such as chemical processes, household cleaning water treatment and scale prevention in industries, including the paper, photography and agriculture sectors.
"This investment reinforces BASF's long-term commitment to the North American chelates markets," BASF's Executive Vice President Patrick Prevost said in a statement.
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