A New Era for BASF Coatings
In the joint statement, Carlyle executives Martin Sumner and Tanaka Maswoswe praised BASF Coatings as “an exceptional platform with leading technologies, a world-class management team, strong customer partnerships, and a truly global footprint.”
Anup Kothari, BASF’s board member responsible for the coatings division, echoed the optimism:
“This transaction opens a new chapter of opportunity for BASF Coatings, building on today’s success and shaping an even stronger future.”
Operating across North and Latin America, Asia-Pacific, and Europe, BASF Coatings will continue to maintain its global presence while leveraging Carlyle and QIA’s investment power to expand innovation in the coatings and surface treatment sectors.
Headquartered in Ludwigshafen, Germany, BASF remains listed on the Frankfurt Stock Exchange, reinforcing its position as one of Europe’s most influential industrial players navigating a rapidly evolving global market.
