Financial News

Catexel and BASF Close Deal for Optical Brightening Agent Business

The transaction comprises the international business, which includes the Monthey site in Switzerland.

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By: Lianna Albrizio

Associate Editor

BASF has completed the previously announced sale of its optical brightening agent business to Catexel. Catexel is the Care Chemicals platform of the International Chemical Investors Group, which specializes in specialty chemicals for detergents and cleaning products, personal care, and industrial applications. Financial details of the transaction were not disclosed. The transaction comprises the international business, including the production of optical brightening agents at the Monthe...

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