Rockwool International A/S Acquires BASF Wall Systems GmbH & Co. KG from BASF SE

Thursday, 18 Jul 2013 07:20am EDT 

Rockwool International A/S announced that the company has entered into an agreement to acquire BASF Wall Systems GmbH & Co. KG, which is a German system holder for external facade insulation (ETICS), owned by the BASF SE. Under the agreement, a unit under the ROCKWOOL Group’s German subsidiary Deutsche ROCKWOOL will acquire 100% of BASF Wall Systems including production facility in Marktredwitz and such brands as HECK MultiTherm and Rajasil. The transaction is expected to be completed over the next six months following which ownership of the business will be transferred to the ROCKWOOL Group. The purchase price has not been disclosed. 

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