REINACH – Speciality chemicals business Archroma has closed the acquisition of BASF’s global textile chemicals business in a move the company’s CEO, Alexander Wessels, says will help the business respond to growing customer demand for sustainably-oriented solutions. About 225 employees globally are in the scope of the transaction, of which approximately 175 are located in Asia. The combined textiles businesses will remain headquartered in Singapore, close to customers in Asia’s fast-growing textile markets.
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