BASF Acquires Novolyte Technologies

  • Author: ChemistryViews
  • Published: 27 April 2012
  • Copyright: WILEY-VCH Verlag GmbH & Co. KGaA, Weinheim
  • Source / Publisher: BASF SE
  • Associated Suppliers: BASF SE, Ludwigshafen, Germany
thumbnail image: BASF Acquires Novolyte Technologies

BASF, Arsenal and Foosung announced BASF’s acquisition of Novolyte Technologies, a manufacturer of electrolyte formulations for lithium-ion batteries, as well as specialty chemicals for several key market segments. BASF purchases Novolyte from Arsenal, a private equity firm. The companies have agreed not to disclose financial details of the transaction.

The acquisition comprises Novolyte’s Energy Storage activities as well as Novolyte's performance materials business in which the company is among the leading manufacturers of specialty chemicals in North America and includes 10 patent families in the fields of electrolyte formulation and performance chemicals.

BASF will continue a joint venture with Foosung, a global producer of the high-purity specialty salt Lithium Hexafluorophosphate, a key material for manufacturing lithium-ion battery electrolytes.

With 167 employees, Novolyte operates production sites in Baton Rouge, Louisiana, USA, and in Suzhou, China. An additional site for LiPF6 production is currently under construction in Nantong, China, to be operated by the Foosung/BASF joint venture. Both Chinese sites are located in the greater Shanghai area.


Article Views: 5157

Sign in Area

Please sign in below

Additional Sign In options

Please note that to comment on an article you must be registered and logged in.
Registration is for free, you may already be registered to receive, e.g., the newsletter. When you register on this website, please ensure you view our terms and conditions. All comments are subject to moderation.

Article Comments - To add a comment please sign in

Bookmark and Share

If you would like to reuse any content, in print or online, from ChemistryViews.org, please contact us first for permission. more


CONNECT:

ChemistryViews.org on Facebook

ChemistryViews.org on Twitter ChemistryViews.org on YouTube ChemistryViews.org on LinkedIn Sign up for our free newsletter


A product of ChemPubSoc Europe (16 European Chemical Societies)and Wiley-VCH