BASF signs agreement to sell its mining solutions business to SNF

(OTCQX:BASFY) BASF has signed an agreement to sell its mining solutions business to SNF, a privately held specialty chemical company based in Andrézieux-Bouthéon, France. The divestment follows a comprehensive strategic review within BASF’s Performance Chemicals division. The transaction is subject to approval by the relevant merger control authorities and customary closing conditions, with closing expected in 2027. The parties have agreed not to disclose the financial terms of the transaction. The sale includes BASF’s global mining solutions business, the production site in Cork, Ireland, and approximately 140 employees. The transaction encompasses BASF’s mining chemicals portfolio, including leaching and flotation reagents, and solvent extraction reagents, with brands such as Luprofroth®, Lupromin®, Luproset®, LIX®, and LixTRA®. Anup Kothari, member of the Board of Executive Directors, BASF SE, stated that BASF continuously evaluates its portfolio to sharpen strategic focus and expressed confidence that SNF is the right owner to further develop the mining solutions portfolio. BASF and SNF are working towards a smooth transition post-closing, subject to regulatory approvals. Following completion, SNF intends to provide customers with continuity of supply and service across global mining markets. Pascal Remy, Chairman and CEO of SNF, stated that the acquisition is a perfect fit for SNF and will significantly strengthen the solutions offered to mining customers worldwide. SNF will gain highly experienced teams with expertise in flotation and hydrometallurgy. SNF is the world’s leading manufacturer of water-soluble polymers, founded in 1978 and headquartered in Andrézieux-Bouthéon, France, offering a portfolio of more than 1,100 products. SNF employs approximately 9,400 people worldwide and generates annual revenues of approximately €5 billion. In the mining industry, SNF provides solutions for mineral processing, tailings management, and water treatment. BASF employs around 95,000 people in the BASF Group and generated sales of around €60 billion in 2025. BASF shares are traded on the Frankfurt Stock Exchange (BAS) and as American Depositary Receipts (BASFY) in the United States.