OREANDA-NEWS. BASF has closed the previously announced transaction to divest its global Polyolefin Catalysts business to W. R. Grace & Co., a global leader in specialty chemicals and materials. The relevant merger control approvals have already been granted.

Included in the transaction are technologies, patents, trademarks and the transfer of BASF’s production plants in Pasadena, Texas, and Tarragona, Spain. Approximately 170 employees have also transferred to Grace.