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· Chemical Engineering Online
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BASF has agreed to sell its Softex business to GOVI CAST Sdn. Bhd. via an asset purchase that transfers the customer list and formulation/production know-how, and establishes a tolling/supply agreement to ensure continuity during the transition; physical assets are excluded from the deal.

How might transferring IP and customer relationships—but not physical assets—affect continuity of supply, product quality, and integration for both companies and their customers?

BASF to sell Softex business to GOVI CAST

This article was originally posted on chemengonline.com.
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BASF SE (Ludwigshafen, Germany) has signed an Asset Purchase Agreement to sell its Softex business to GOVI CAST Sdn. Bhd., a leading supplier of specialty chemicals. The transaction includes the customer list, formulation and production know-how, and a tolling/supply agreement to ensure continuity during the transition. Physical assets will be excluded from the agreement. The […]

The post BASF to sell Softex business to GOVI CAST appeared first on Chemical Engineering.

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