On August 15, BASF, Solvay and domer chemical reached an agreement to let domer chemical acquire Solvay's pa6.6 business in Europe.The deal is expected to be completed by the end of 2019, subject to the approval of the relevant competition regulator.

In September 2017, BASF and Solvay signed an agreement on the acquisition of Solvay's overall polyamide (PA) business in order to further consolidate BASF's position as a global supplier of engineering plastics.

According to the agreement signed in September 2017, BASF will acquire global pa6.6 businesses other than Europe from Solvay, including 50% of adironitrile (ADN) production owned by Solvay's joint venture factory butachimie in France, which significantly improves the competitiveness of its polyamide 6.6 business, as it means that BASF will strengthen the price of pa6.6 by integrating upstream key raw materials such as adironitrile (ADN)In order to improve the ability of polymer production.

In January 2019, the European Commission conditionally approved the acquisition on the premise of divesting Solvay's PA production facilities in Europe from the original transaction.

BASF is expected to pay 1.3 billion euros for the deal on a cash free and debt free basis.Sales of Solvay related businesses, which will be acquired by BASF, are about 1 billion euros in 2018.

BASF plans to acquire a total of eight production bases of Solvay in Germany, France, China, India, South Korea, Brazil and Mexico. In addition, three R & D centers of Solvay in South Korea, China and Brazil and six technical consulting centers in Europe, Asia and North and South America will all be transferred to BASF. After the completion of the transaction, Solvay will have about 700 employees The staff will be transferred to BASF.

BASF and domer chemical plan to set up a joint venture in France to produce adipic acid. The proposed joint venture will employ about 650 employees.

BASF plans to integrate the acquired business into the monomer and characteristic materials business. After the acquisition, it will enrich the product portfolio of BASF's engineering plastics business, and further consolidate BASF's position as an innovative solution supplier in the transportation, construction and consumer goods industries.

Regionally, the acquisition will also help BASF to better enter important growth markets in Asia and South America, and promote close cooperation with local customers.

From 2017 to now, it has been nearly three years since BASF and Solvey, the two major chemical giants, have experienced several twists and turns in PA acquisition business, which is really good.