BASF to purchase DOMO shares in nylon precursor company Alsachimie

LONDON (ICIS)–BASF will become the sole owner of Alsachimie, taking over the shares of former joint venture partner DOMO Chemicals, the German major announced on Wednesday.

Currently, BASF holds 51% of the shares and is set to buy DOMO’s 49% stake in the company which, subject to consultations with relevant social bodies of Alsachimie, will close by mid-2025.

Alsachimie was founded by the two companies in February 2020 and situated on the French-German border, producing key materials for polyamides, including KA-oil, adipic acid and hexamethylenediamine adipate (AH salt).

The purchase would complement BASF’s nylon 6,6 precursor production at its site in Chalampe, France, and enable further backward integration into key raw materials for the value chain in Europe.

“By taking over the shares of our partner DOMO Chemicals, we are further strengthening our leading position and long-term commitment to the nylon 6,6 value chain and paving the way for future growth with our customers in industries such as automotive and textiles,” said BASF board member Stephan Kothrade.

“The intended transaction aligns with our strategy to continue to focus on delivering tailored polyamide solutions in the core segments automotive, consumer goods, industrial and electrical & electronics industries,” said DOMO Chemicals CEO Yves Bonte.