Ciba Specialty Chemicals

Ciba was a chemical company based in and near Basel, Switzerland. "Ciba" stood for "Chemische Industrie Basel" (Chemical Industries Basel). It was formed as the non-pharmaceuticals elements of Novartis were spun out in 1997, following the merger in the previous year of Ciba-Geigy and Sandoz that created Novartis.

In 2008, Ciba was acquired by the German chemical company BASF[1] and, in April 2009, integrated into the BASF group.[2] Ciba AG initially continued to trade under the old name,[3] but was renamed to BASF Schweiz AG in March 2010.[4]

The BASF subsidiary makes products in the following areas: Agriculture, Automotive, Construction & Pipes, Electronic materials, Extractive & Process Technologies, Home & Fabric Care, Inks & Graphics, Lubricants, Monomers & Water Soluble Polymers, Packaging, Paints and Coatings, Paper, Personal Care, Photo & Digital Imaging, Plastics & Rubber, Textiles & Fibers, Water treatment

History

Part of the merger agreement of 1997 between Ciba Geigy and Sandoz was that the former's industrial chemicals business would be spun off as a separate business, leading to the formation of Ciba Specialty Chemicals plc.

In 2004 Ciba bought paper chemical manufacturer Raisio Chemicals from Raisio Group. In 2006, Ciba divested its Textile Dyes and Chemical Auxiliaries business in a sale to Huntsman Corporation.

In 2007 the company announced the intention to adopt the name Ciba Inc.

Ciba's board of directors agreed to a €3.4 billion takeover offer from BASF, the world's largest chemicals company, on 15 September 2008.[5]

Board of directors

References

  1. ↑ Medienmitteilung von BASF vom 20. November 2008: „Definitives Endergebnis für Ciba-Angebot beträgt 94,59 Prozent“
  2. ↑ Medienmitteilung von Ciba und BASF vom 9. April 2009
  3. ↑ Welcome to Ciba
  4. ↑ Eine Marke verschwindet: Die Ciba heisst nun BASF Schweiz AG. In: Basler Zeitung, 1. März 2010
  5. ↑ Kuehnen, Eva (15 September 2008). "BASF bids $3 bln for Switzerland's Ciba". Reuters. Retrieved 2008-09-15.

External links


This article is issued from Wikipedia - version of the Tuesday, January 19, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.