BASF has sold its Construction Chemicals division to the private equity fund Lone Star for 3.17 billion euros. The transaction is expected to close in the third quarter of 2020
The Spanish ceramic group plans to build two new production lines, a logistics centre and a showroom, beginning with a 30 million euro investment in 2020.
Synergia, owner of Glass1989 and Karol Italia, has acquired a majority stake in Ceramica Artigiana, thereby expanding its range of offerings in the bathroom segment.
Just commissioned in October, with this new supply the production capacity of the Johannesburg factory soars to more than 2 million pieces, entirely handled by SACMI pressure casting machines.
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