BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF's Construction Chemicals business. The transaction is expected to close in the third quarter of 2020, subject to the approval of the relevant competition authorities. "BASF's Construction Chemicals business fits very well with our portfolio, complementing our investments in the construction materials industry," said Donald Quintin, President of Europe at Lone Star. "We highly value the industry-wide recognised knowledge and competence of BASF's Construction Chemicals experts, backed by a strong track record in innovative products and a compelling ...