BASF India’s parent company ‘BASF SE, Germany’ has signed an agreement with Stahl to divest BASF's leather chemical business to Stahl Group. The transaction is expected to close in the fourth quarter of 2017. BASF will receive a 16% minority stake in the Stahl Group. Under the arrangement, BASF India would supply leather chemical products from its manufacturing facilities to Stahl Group under a mid to long-term supply agreement.
BASF India is a chemical manufacturing company. It operates in the business segments of agricultural solutions, performance products, plastics businesses and chemicals. The agricultural solutions include insecticides, herbicides, fungicides and specialties. BASF India operates as a subsidiary of BASF SE.
