BASF to Acquire North American Engineering Plastics Business of LATI

BASF Corp. and LATI USA Inc., the U.S. affiliate of the Italian engineering plastics compounder LATI Industria Termoplastici SpA, have reached an agreement in which BASF will acquire the nylon 6 and nylon 6,6, polybutylene terephthalate (PBT), and polyoxymethylene (POM) business of LATI USA Inc., effective Dec. 30. Financial details of the transaction are not being disclosed.

BASF will not acquire any manufacturing sites, equipment, or related assets as part of the transaction. Also, no LATI employees will be transferred to BASF.