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Seagarden Purchases Cognis' Chitosan Business From BASF
Posted: July 16, 2012
BASF SE has sold the former Cognis chitosan marine biopolymers business to Seagarden ASA, a Norwegian manufacturer of natural seafood ingredients, marine bioactives and biopolymers. BASF acquired the marine biopolymer business in 2010 with the acquisition of Cognis, but has decided to sell it to optimize its portfolio.
Chitosan marine biopolymers are used in personal care products and as pharmaceutical ingredients. The chitosan business including the production site in Tromsoe, Norway, will be owned Seagarden through its subsidiary Chitinor AS.
The customers have been informed accordingly and conditions have been fixed to ensure supply reliability through the transition. The transaction is expected to be formally completed by August 2012.