On June 30, 2021, BASF closed the divestiture of its global pigments business to the fine chemical company DIC following the fulfillment of clearance conditions. The purchase price on a cash and debt-free basis is €1.15 billion.
Chemical company BASF SE, Ludwigshafen/Germany, and the fine chemicals company DIC Corp, Tokyo/Japan, had reached an agreement on the acquisition of BASF’s global pigments business with approx. 2,600 employees on August 29, 2019. DIC is listed at the Tokyo Stock Exchange with about 20,000 employees globally. The company generated sales of around ¥ 700 billion (€ 5.8 billion) in 2020. DIC is active in 3 segments: Packaging & Graphic, Color & Display and Functional Products.