BASF SE (Ludwigshafen, Germany; www.basf.com) has successfully completed its acquisition of CRI/Criterion’s global, styrene catalysts business. As part of this agreement, BASF has acquired CRI/Criterion’s customer list, contracts and exclusive and non-exclusive licenses for intellectual property, including applicable patents and know-how in the field of styrene catalysts, as well as CRI/Criterion’s styrene catalysts inventory. There were no plant assets associated with the deal.
BASF previously announced the signing of this purchase agreement in November, 2010 (to see previous announcement, click here).