Investor Releases

Ludwigshafen, Germany – BASF has signed an agreement with Karl Bachl Kunststoffverarbeitung GmbH & Co. KG (BACHL) for the sale of its business with Styrodur^®, an insulation material made from extruded polystyrene (XPS). BACHL is one of the leading manufacturers of insulation materials in Germany, an experienced XPS producer and a long-standing Styrodur^® distribution partner of BASF. The sale also includes the brand Styrodur^®. Approximately 50 employees in production, marketing and sales at BASF SE are involved in this business. The affected employees will remain with BASF SE. Subject to the approval of the relevant competition authorities, the completion of the sale is expected by mid-2025. The parties have agreed to keep the financial details of the transaction confidential.

Ludwigshafen, Germany and Ljubljana, Slovenia, November 5, 2024 – BASF and Acies Bio, one of Europe’s leading biotechnology companies, have entered into a transformative partnership to further develop a platform for fermentation technology from methanol for the production of fatty alcohols. Fatty alcohols are essential building blocks for several ingredients in the home and personal care markets, in particular surfactants. Acies Bio’s biotechnological expertise complements BASF’s drive for innovative solutions and contributes to shaping a more sustainable future.