OREANDA-NEWS. BASF has closed the previously announced transaction to divest its global textile chemicals business to Archroma, a supplier of specialty chemicals to the textile, paper and emulsions industries.

BASF will continue to manufacture and supply textile chemical products to Archroma.

Included in the transaction is the legal entity BASF Pakistan (Private) Ltd., Karachi. The closing of this divestiture is expected by August 2015. All remaining businesses of BASF in Pakistan, which are conducted by BASF Chemicals & Polymers Pakistan (Private) Limited, are not in the scope of the transaction.