HOUSTON and THE WOODLANDS, Texas, April 09, 2018 (GLOBE NEWSWIRE) -- BASF entered an agreement with Nexeo Solutions to sell and distribute specialty acrylic and methacrylic monomers in the United States and Canada. Under the agreement terms, Nexeo Solutions will combine BASF’s specialty acrylic and methacrylic monomers with its regional expertise to offer customers solutions that drive operational efficiency and value.
“At BASF, we continually look for ways to improve our customer's experience when sourcing the raw materials we supply,” said Heather Remley, Senior Vice President, Petrochemicals, North America. “We selected Nexeo Solutions to be our channel to the market because of their focus on the specialty sales process, their in-house technical capabilities and their vast logistical platform and market reach.”
“BASF's specialty acrylic monomers are highly complementary to both our existing customers and the markets that we serve,” said Joey Gullion, Vice President Specialty Chemicals at Nexeo Solutions. “Nexeo will carry forward BASF’s strategy of excellent customer and technical service, while utilizing best-in-class inventory management practices and multiple stocking points.”
Specialty monomers are used in many industries such as coatings, paper, adhesives, plastics, lubricants and the oilfield industry to enhance a polymer’s performance in a targeted way. For example, they can improve chemical resistance, hydrophobicity, abrasion resistance, adhesion and weatherability.
About Nexeo Solutions
Nexeo Solutions (NASDAQ:NXEO) is a leading global chemicals and plastics distributor, representing products from world-class producers to a diverse customer base. From product specification to sustainable solutions, the company goes beyond traditional logistics to provide value-added services across many industries, including chemicals manufacturing, oil and gas, coatings, personal care, healthcare, automotive and 3D printing. The company leverages a centralized technology platform to identify efficiencies and create solutions to unlock value for suppliers and customers. Learn more at www.nexeosolutions.com.
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 18,200 employees in North America, and had sales of $17.9 billion in 2017. For more information about BASF’s North American operations, visit www.basf.com.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The more than 115,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of €64.5 billion in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.
Nexeo Solutions, Inc.