BASF, Nexeo Solutions enter agreement to provide specialty monomers to the US and Canada
09 Aprile 2018 - 12:00PM
BASF entered an agreement with Nexeo Solutions to sell and
distribute specialty acrylic and methacrylic monomers in the United
States and Canada. Under the agreement terms, Nexeo Solutions will
combine BASF’s specialty acrylic and methacrylic monomers with its
regional expertise to offer customers solutions that drive
operational efficiency and value.
“At BASF, we continually look for ways to improve our customer's
experience when sourcing the raw materials we supply,” said Heather
Remley, Senior Vice President, Petrochemicals, North
America. “We selected Nexeo Solutions to be our channel to the
market because of their focus on the specialty sales process, their
in-house technical capabilities and their vast logistical platform
and market reach.”
“BASF's specialty acrylic monomers are highly complementary to
both our existing customers and the markets that we serve,” said
Joey Gullion, Vice President Specialty Chemicals at Nexeo
Solutions. “Nexeo will carry forward BASF’s strategy of
excellent customer and technical service, while utilizing
best-in-class inventory management practices and multiple stocking
points.”
Specialty monomers are used in many industries such as coatings,
paper, adhesives, plastics, lubricants and the oilfield industry to
enhance a polymer’s performance in a targeted way. For example,
they can improve chemical resistance, hydrophobicity, abrasion
resistance, adhesion and weatherability.
About Nexeo SolutionsNexeo Solutions
(NASDAQ:NXEO) is a leading global chemicals and plastics
distributor, representing products from world-class producers to a
diverse customer base. From product specification to sustainable
solutions, the company goes beyond traditional logistics to provide
value-added services across many industries, including chemicals
manufacturing, oil and gas, coatings, personal care, healthcare,
automotive and 3D printing. The company leverages a centralized
technology platform to identify efficiencies and create solutions
to unlock value for suppliers and customers. Learn more at
www.nexeosolutions.com.
About BASFBASF Corporation, headquartered in
Florham Park, New Jersey, is the North American affiliate of BASF
SE, Ludwigshafen, Germany. BASF has more than 18,200 employees in
North America, and had sales of $17.9 billion in 2017. For more
information about BASF’s North American operations, visit
www.basf.com.
At BASF, we create chemistry for a sustainable future. We
combine economic success with environmental protection and social
responsibility. The more than 115,000 employees in the BASF Group
work on contributing to the success of our customers in nearly all
sectors and almost every country in the world. Our portfolio is
organized into five segments: Chemicals, Performance Products,
Functional Materials & Solutions, Agricultural Solutions and
Oil & Gas. BASF generated sales of €64.5 billion in 2017. BASF
shares are traded on the stock exchanges in Frankfurt (BAS), London
(BFA) and Zurich (BAS). Further information at www.basf.com.
BASF Media
Contact: |
Nexeo Solutions
Contact: |
Leslie Thomson |
Tracy Diel |
Tel.:
346-252-4187 |
Tel.:
1-281-297-0072 |
Email:
leslie.thomson@basf.com |
Email: TMDiel@nexeosolutions.com |