After a late July fire shut down the company’s vitamin precursor and aroma plant, the company declared force majeure on the delivery of several products.
BASF is extending its offer period to acquire all of the issued and outstanding shares of Pronova BioPharma ASA, Lysaker, Norway, for NOK 12.50 per share in cash until January 18.
Besides being a solutions destination for personal care and pharmaceutical companies, BASF can now cater to food and dietary supplement customers as well.
Sharrann Simmons has more than 20 years of experience in the food, pharmaceutical and chemical industries. She is currently the director of product marketing for Silliker, Inc., a Merieux NutriSciences Company. Silliker is a global leader in food safety and quality, and serves as a trusted partner to assure food quality, safety, and better nutrition across the supply chain worldwide.
BASF has announced its integration plans for Cognis. BASF expects to achieve an additional EBIT of €275 million (10.6% of Cognis’ 2009 net sales) through the integration. This consists of growth synergy targets to generate an additional EBIT of €135 million by 2015 and cost synergies of around €140 million which will be achieved by the end of 2013.