Quantum Kapital AG plans to acquire BASF's offset printing inks business (IMEX) in Maastricht, Netherlands.
Quantum is a financial investor specialised in the acquisition and the successful development of non-strategic businesses of large companies.
The sale covers all BASF's offset printing inks activities and includes the transfer of all BASF employees in Maastricht dedicated to the business.
Currently, 57 employees are working for the IMEX business of BASF. Quantum plans to continue the IMEX business at the Maastricht site. Legal closing of the transaction will be in the third quarter of 2012.
The profitable IMEX business is expected to total sales of about €60m in 2012 and is an important supplier of heat set printing inks worldwide.
The partners agreed not to reveal the purchasing price.
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