Editing BASF (section)

===21st century===
BASF bought the [[Engelhard]] Corporation for $4.8&nbsp;billion in 2006. Other acquisitions in 2006, were the purchase of Johnson Polymer and the construction chemicals business of [[Degussa]].

The acquisition of Johnson Polymer was completed on 1 July 2006. The purchase price was $470&nbsp;million on a cash and debt-free basis. It provided BASF with a range of water-based [[resin]]s that complements its portfolio of high solids and UV resins for the coatings and paints industry and strengthened the company's market presence, particularly in North America.
[[File:CWRYBASF.JPG|thumb|200px|right|BASF Portsmouth Site in the West Norfolk area of [[Portsmouth, Virginia]], United States. The plant is served by the [[Commonwealth Railway]].]]

The acquisition of Degussa AG's construction chemicals business was completed in 2006. The purchase price for equity was about €2.2&nbsp;billion. In addition, the transaction was associated with a debt of €500&nbsp;million.

The company agreed to acquire [[Ciba Specialty Chemicals|Ciba]] (formerly part of [[Novartis|Ciba-Geigy]]) in September 2008.<ref>{{cite news |url=http://uk.reuters.com/article/us-ciba-basf-idUKLF63993220080915 |title=BASF bids $3 bln for Switzerland's Ciba |last=Kuehnen |first=Eva |date=15 September 2008 |work=[[Reuters]]|access-date=15 September 2008 |archive-url=https://web.archive.org/web/20110520235445/http://uk.reuters.com/article/2008/09/15/us-ciba-basf-idUKLF63993220080915 |archive-date=20 May 2011 |url-status=dead}}</ref> The proposed deal was reviewed by the [[European Commissioner for Competition]]. On 9 April 2009, the acquisition was officially completed.<ref>{{cite news |url=https://www.reuters.com/article/idUSPRWP1420090306 |title=EU mergers and takeovers (March 6) |date=6 March 2009 |work=Reuters |access-date=6 March 2009 |archive-url=https://web.archive.org/web/20110211052429/http://www.reuters.com/article/2009/03/06/idUSPRWP1420090306 |archive-date=11 February 2011 |url-status=live}}</ref><ref>{{Cite news |date=2010-02-25 |title=BASF sees Ciba integration largely completed in Q2 |language=en |work=Reuters |url=https://www.reuters.com/article/basf-ciba-idUSFAB01544920100225 |access-date=2023-01-20}}</ref>

On 19 December 2008, BASF acquired U.S.-based Whitmire Micro-Gen together with U.K.-based Sorex Ltd.<ref>{{cite web |url=https://www.pctonline.com/article/basf-acquires-sorex-pest-control-business--deal-includes-whitmire-micro-gen/ |title=BASF Acquires Sorex Pest Control Business; Deal Includes Whitmire Micro-Gen |website=PCT – Pest Control Technology |access-date=30 August 2019 |archive-url=https://web.archive.org/web/20190830132349/https://www.pctonline.com/article/basf-acquires-sorex-pest-control-business--deal-includes-whitmire-micro-gen/ |archive-date=30 August 2019 |url-status=live}}</ref> Sorex is a manufacturer of branded chemical and non-chemical products for professional pest management. In March 2007 Sorex was put up for sale with a price tag of about £100&nbsp;million.<ref>{{cite news |url=https://www.reuters.com/article/britain-press-sunday-idUSL1827372620070318 |title=British business press |at=Rat Poisoner Sorex is For Sale |date=18 March 2007 |agency=Reuters |access-date=2 October 2009 |work=[[Financial Mail]]|location=South Africa |via=Reuters Press Digest |archive-url=https://web.archive.org/web/20150512010220/http://www.reuters.com/article/2007/03/18/britain-press-sunday-idUSL1827372620070318 |archive-date=12 May 2015 |url-status=live}}</ref>

In December 2010, BASF completed the acquisition of [[Cognis]].<ref>{{Cite news |url=https://dealbook.nytimes.com/2010/06/23/basf-acquires-cognis-in-3-8-billion-deal/ |title=BASF Acquires Cognis in $3.8 Billion Deal |date=23 June 2010 |work=[[New York Times]]|access-date=30 August 2019 |archive-url=https://web.archive.org/web/20190830130845/https://dealbook.nytimes.com/2010/06/23/basf-acquires-cognis-in-3-8-billion-deal/ |archive-date=30 August 2019 |url-status=live}}</ref>

In May 2015, BASF agreed to sell parts of its pharmaceutical ingredients business to Swiss drug manufacturer Siegfried Holding for a fee of €270&nbsp;million, including assumed debt.<ref>{{cite web |author=Ludwig Burger |url=https://www.reuters.com/article/us-basfingredients-m-a-siegfried-idUSKBN0NS0CD20150507 |title=Siegfried buys BASF drug ingredient businesses for $306 million |work=Reuters |date=7 May 2015 |access-date=7 May 2015 |archive-url=https://web.archive.org/web/20150510081107/http://www.reuters.com/article/2015/05/07/us-basfingredients-m-a-siegfried-idUSKBN0NS0CD20150507 |archive-date=10 May 2015 |url-status=live}}</ref>

Since 2016, BASF has partnered with a subsidiary of [[Xinjiang Zhongtai Group]], a company sanctioned under the [[Uyghur Forced Labor Prevention Act]], to operate a plant in [[Korla]].<ref>{{Cite web |date=November 17, 2023 |title=Report: German company's Xinjiang partner linked to Chinese forced labor |url=https://www.rfa.org/english/news/uyghur/german-report-korla-11172023142714.html |access-date=2023-11-19 |website=[[Radio Free Asia]] |language=en}}</ref>

In October 2017, BASF announced it would buy seed and herbicide businesses from [[Bayer]] for €5.9&nbsp;billion ($7&nbsp;billion), as part of Bayer's acquisition of [[Monsanto]].<ref>{{Cite news |url=https://www.wsj.com/articles/bayer-to-sell-assets-to-basf-for-7-billion-subject-to-monsanto-acquisition-1507877275 |title=Bayer to Sell Assets to BASF for $7 Billion Amid Scrutiny of Monsanto Megadeal |last1=Shevlin |first1=Anthony |date=13 October 2017 |work=[[Wall Street Journal]]|access-date=5 June 2018 |last2=Drozdiak |first2=Natalia |issn=0099-9660 |archive-url=https://web.archive.org/web/20180619214200/https://www.wsj.com/articles/bayer-to-sell-assets-to-basf-for-7-billion-subject-to-monsanto-acquisition-1507877275 |archive-date=19 June 2018 |url-status=live}}</ref><ref>{{Cite news |url=https://www.theglobeandmail.com/business/article-competition-bureau-asks-bayer-to-divest-some-canadian-assets-to-win/ |title=Competition Bureau asks Bayer to divest some Canadian assets to win Monsanto deal approval |work=The Globe and Mail |access-date=5 June 2018 |archive-url=https://web.archive.org/web/20190326054751/https://www.theglobeandmail.com/business/article-competition-bureau-asks-bayer-to-divest-some-canadian-assets-to-win/ |archive-date=26 March 2019 |url-status=live}}</ref>

The company announced the start of a US$10&nbsp;billion investment project in the south-western Chinese city of [[Zhanjiang]], in November 2019. The project was approved in 2022.<ref name="ethbasf1">{{cite news |url=https://www.thechemicalengineer.com/news/basf-approves-investment-in-10bn-world-scale-chinese-chemicals-complex/ |title=BASF approves investment in €10bn world-scale Chinese chemicals complex }}</ref> This ″Verbund″ site is intended for the production of engineering plastics and TPU. The site would be the third-largest BASF site worldwide, following Ludwigshafen, Germany, and [[Antwerp]], Belgium. The first plant started up in 2022, and the entire site is expected to be completed by 2030.<ref>[https://www.chinadaily.com.cn/a/201911/23/WS5dd8d9d9a310cf3e355797b4.html Construction starts on BASF's Zhanjiang smart project] {{Webarchive |url=https://web.archive.org/web/20191124162533/https://www.chinadaily.com.cn/a/201911/23/WS5dd8d9d9a310cf3e355797b4.html |date=24 November 2019}}, Chinadaily.com 23 November 2019. Retrieved 26 May 2023.</ref><ref name="sinobasf1">{{cite news |url=https://www.basf.com/tw/en/who-we-are/organization/locations/asia-pacific/our-engagement-in-china.html#:~:text=The%20total%20investment%20is%20up,both%20in%20China%20and%20globally. |publisher=BASF |title=Our engagement in China }}</ref><ref>{{cite news |title=BASF inaugurates the first plant of its new Zhanjiang Verbund site |url=https://www.basf.com/sg/en/media/news-releases/cn/2022/09/BASF_first_plant_Zhanjiang_Verbund_site.html |access-date=18 March 2024}}</ref>

[[File:Ludwigshafen Friedrich-Engelhorn-Hochhaus 20100709.jpg|thumb|upright|Former BASF headquarters building in Ludwigshafen]]

In August 2019, BASF agreed to sell its global pigments business to Japanese fine chemical company [[DIC Corporation|DIC]] for €1.15&nbsp;billion ($1.28&nbsp;billion) on a cash and debt-free basis.<ref>{{Cite news |url=https://www.bloomberg.com/news/articles/2019-08-29/japan-s-dic-corp-to-buy-basf-s-pigments-unit-for-1-1-billion |title=Japan's DIC Corp. to Buy BASF's Pigments Unit for $1.1 Billion |last=Sutherland |first=Jeff |date=29 August 2019 |work=Bloomberg |archive-url=https://web.archive.org/web/20190830125059/https://www.bloomberg.com/news/articles/2019-08-29/japan-s-dic-corp-to-buy-basf-s-pigments-unit-for-1-1-billion |archive-date=30 August 2019 |url-status=live}}</ref>

In September 2019, BASF signed an agreement with DuPont Safety & Construction, a subsidiary business unit of [[DuPont]], to sell its ultrafiltration membrane business, Inge GmbH.<ref name=":0">{{cite web |url=https://www.inquirer.com/business/phillydeals/dupont-buys-basf-water-filtration-unit-germany-20190923.html |title=Wet future: Streamlined DuPont is buying again, adds BASF water |last=DiStefano |first=Joseph N. |website=inquirer.com |date=23 September 2019 |access-date=24 September 2019 |archive-url=https://web.archive.org/web/20190924154121/https://www.inquirer.com/business/phillydeals/dupont-buys-basf-water-filtration-unit-germany-20190923.html |archive-date=24 September 2019 |url-status=live}}</ref> According to BASF executives, Inge GmbH and its products fit better with DuPont and their business strategy.<ref name=":0" />

In February 2023, BASF announced that the company is planning to close one of its two ammonia factories at its site in Ludwigshafen, this comes as part of the companies plans to cut costs as the organisation has struggled with high energy costs. The result of the organisations plans will lead to increased production in China while resulting in the loss of 2,600 jobs.<ref>{{Cite news |date=2023-02-24 |title=BASF outlines further cost-cutting and 2,600 job losses as it downsizes in Germany |work=Financial Times |url=https://www.ft.com/content/b0b2b2c2-ee63-4989-afab-6882feab4b73 |access-date=2023-02-24}}</ref> The Zhanjiang plant extends over 400 hectares and serves mainly the electronic industry and the automotive industry.<ref name="cgtn1">{{cite news |url=https://news.cg-tn.com/news/2022-11-04/VHJhbnNjcmlwdDY5MjI1/index.html}}</ref> In September 2023 BASF broke ground on its Zhanjiang [[syngas]] plant; the plant was due to be commissioned by 2025.<ref name="synbasf1">{{cite news |url=https://www.basf.com/global/en/media/news-releases/2023/09/p-23-295.html |title=BASF breaks ground on syngas plant at Zhanjiang Verbund site in China }}</ref> In November 2023 the firm closed a $5bn 15-year investment deal in China, with Chinese banks.<ref name="sinobasf2">{{cite news |url=https://www.basf.com/global/en/media/news-releases/2023/11/p-23-366.html |publisher=BASF |title=BASF signs CNY 40 billion syndicated bank term loan facility with maturity of 15 years for its Verbund site in Zhanjiang, China }}</ref>

As of April 2023, BASF had 30 production facilities in China. CEO [[Martin Brudermüller]] held that Chinese revenue is essential to grow his European business in the face of "Europe’s high energy costs and stringent environmental rules."<ref name="nyta17">{{cite news |last1=Eddy |first1=Melissa |title=As US tries to isolate China, German companies move closer |url=https://economictimes.indiatimes.com/small-biz/trade/exports/insights/as-us-tries-to-isolate-china-german-companies-move-closer/articleshow/99547315.cms |agency=New York Times |publisher=Economic Times |date=17 April 2023}}</ref>