Silox acquires BASF's hydrosulfite assets in major chemical industry deal
Silox acquires BASF's hydrosulfite assets in major chemical industry deal
Silox acquires BASF's hydrosulfite assets in major chemical industry deal
Silox has acquired key hydrosulfite assets from BASF, expanding its role in the global chemical market. The deal follows BASF's decision to exit hydrosulfite production at its Ludwigshafen site. Both companies have now finalised the agreement, which includes production facilities, intellectual property, and technical expertise.
Hydrosulfites play a vital role in industries like textiles and paper production. They act as reducing agents in dyeing processes and as bleaching additives in pulp and paper manufacturing. BASF, a major supplier of inorganic chemicals, had been producing hydrosulfites in Ludwigshafen but chose to discontinue operations there as part of a broader strategic review.
The transaction covers intellectual property rights, specialised containers, and selected production equipment. It also includes technical know-how and associated brands. BASF will retain its other chemical operations in Ludwigshafen, such as alcoholates, sulfites, and nitrogen salts, ensuring it remains a leading supplier in those areas.
Silox, a manufacturer with over 70 years of experience, operates facilities in Belgium, India, and Canada. The company specialises in sodium hydrosulfite-based reducing and bleaching agents. Jean-Christophe Bogaert, Managing Director of Silox, stated that the acquisition reinforces the company's long-term commitment to the paper and textile sectors. It also strengthens Silox's ability to deliver high-quality hydrosulfites to customers worldwide.
BASF will continue producing hydrosulfites at other global sites, including Geismar in the USA, Nanjing in China, and Kuantan in Malaysia. These locations are not part of the current deal with Silox.
The acquisition solidifies Silox's position as a trusted supplier in the global hydrosulfite market. BASF, meanwhile, will focus on its remaining chemical production in Ludwigshafen while maintaining hydrosulfite output at its other international facilities. The agreement ensures continuity for customers relying on these essential chemical products.
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