BASF

BASF Divests Global Photoinitiator Business to IGM Resins

BASF has sold its global photoinitiator business to IGM Resins B.V., Netherlands, a global producer and supplier of radiation-curable material. High-performance photoinitiators dedicated to specific needs of electronics customers are not part of the divestment, as the electronics industry is one of BASF’s strategic focus areas.


Photoinitiators are used in radiation-curing formulations in various industries. Typical end-user applications are coatings for furniture and flooring as well as inks for printing and packaging.

“This transaction allows BASF to focus on its core resins and additives technologies in the radiation-curing markets. Furthermore BASF will continue to serve the specific needs of the electronics industry with high-performance photoinitiators,” said Dr. Markus Kramer, President of BASF’s Dispersions & Pigments division.

The transaction comprises business assets including technology, patents and certain trademarks, customer relationships and business-related contracts as well as the company’s photoinitiator production site in Mortara, Italy. The transfer of the Mortara site and all of its employees to the acquiring company is expected to be completed shortly after the consultations with local employee representatives. Approximately 120 employees are affected globally. Both parties have agreed not to disclose financial details of the acquisition.

Latest News

asian-american bias

New Study Reveals That 80% of Asian Americans Feel Regularly Discriminated Against

Even in the midst of AAPI Heritage Month, a new study reveals that 8 in 10 Asian Americans believe they are regularly discriminated against in the United States. NPR’s Dustin Jones has reported that in a recent survey commissioned by the new nonprofit, Leading Asian Americans to Unite for Change…

settlement

4 Maryland HBCUs Awarded $577 Million Settlement in State Discrimination Case

Following a 15-year court battle, the state of Maryland has reached a settlement in a case alleging that it had discriminated against four historically Black universities and colleges, segregating and making it harder for them to compete with other nearby predominately white schools.  Bryn Stole of the Baltimore Sun has…

Kerby Jean-Raymond

First Black American Designer to Show Collection at Paris Couture Week 

When Kerby Jean-Raymond’s looks walk the fashion runway this July at Paris Couture Week, the designer will be making history, becoming the first-ever Black American designer to present a collection at the acclaimed event — often described at the absolute pinnacle of global high fashion. Kristen Rogers of CNN has…

TIAA Commits to Achieving Net-Zero Carbon by 2050

Originally published at tiaa.org. TIAA ranked No. 9 on The DiversityInc Top 50 Companies for Diversity list in 2021.   TIAA, a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions, has committed to achieving net-zero carbon emissions in its General Account…