Add-on Acquisition • Chemicals

BASF Acquires GRUPO THERMOTEK

On April 24, 2017, BASF acquired chemicals company GRUPO THERMOTEK

Acquisition Context
  • This is BASF’s 12th transaction in the Chemicals sector.
  • This is BASF’s 1st transaction in Mexico.

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M&A Deal Summary

Date April 24, 2017
Target GRUPO THERMOTEK
Sector Chemicals
Buyer(s) BASF
Deal Type Add-on Acquisition

Target Company

GRUPO THERMOTEK

Santa Maria, Mexico
GRUPO THERMOTEK is a provider of waterproofing systems supplier based in Monterrey, NL, Mexico. Its products are designed to offer maximum quality on virtually every type of substrate and include resinous and dispersion-based materials as well as modified asphalt sheet membranes.
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Buyer Overview 1

Buyer

BASF

Ludwigshafen, Germany

Category Company
Founded 1865
Sector Chemicals
Employees110,918
Revenue 65.3B EUR (2024)
DESCRIPTION
Entrance to BASF's office in Florham Park, New Jersey.
Entrance to BASF's office in Florham Park, New Jersey.

BASF is a global producer of chemicals. BASF looks to combine economic success with environmental protection and social responsibility. BASF was founded in 1865 and is based in Ludwigshafen, Germany.


Deal Context for Buyer #
Overall 17 of 20
Sector: Chemicals 12 of 12
Type: Add-on Acquisition 12 of 15
Country: Mexico 1 of 1
Year: 2017 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-22 BASF Leather Chemicals

Singapore

BASF Leather Chemicals is a provider of chemical solutions to the leather industry. Present along the entire industry value chain, it offers innovative and sustainable solutions for all wet-end to finishing processes in the leather industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 ZedX

Bellefonte, Pennsylvania, United States

ZedX, Inc. is a provider in the development of agricultural business intelligence and information technology (IT) products and services for the sustainable agricultural industries. ZedX, Inc. was established in 1987 and is headquartered in Bellefonte, Pennsylvania.

Buy -

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