BASF Construction Chemicals business suits private equity fund

Sources: BASF SE, Ludwigshafen, Germany; Lone Star Global Acquisitions, LLC, New York; CP staff

BASF projects a third quarter 2020 closing on the $3.5 billion sale of its Construction Chemicals unit to an affiliate of Lone Star, a global private equity firm with offices in Frankfurt, Germany and New York. A subject of speculation since a late-2018 BASF announcement of plans to shop the business, the transaction will include Master Builders concrete admixture and sister brands deeply rooted in construction, maintenance and retrofit. 

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