On January 31, 2020, BASF acquired Solvay’s polyamide (PA 6.6) business for a purchase price on a cash and debt-free basis of EUR 1.3 billion. The transaction broadens BASF’s polyamide portfolio with innovative and well-known products such as Technyl. It also allows BASF to support its customers with superior engineering plastics solutions for autonomous driving and e-mobility. The acquisition also gives BASF greater access to growing markets in Asia and in North and South America. The new business will be integrated into the Performance Materials and Monomers divisions of BASF.
The transaction between Solvay and BASF includes eight production sites in Germany, France, China, India, South Korea, Brazil and Mexico as well as research and development centers and technical consultation centers in Asia, North and South America. 
About BASF 
BASF is a German multinational chemical company founded in 1865 and headquartered in Ludwigshafen, Germany. The company is one of the largest plastics and resin supplier and has one of the most comprehensive plastics portfolios. It also provides a large number of chemicals, dyes, pharmaceutical ingredients and agricultural products. In 2019, BASF employed more than 117,000 people in over 200 countries and generated sales of about US$65 billion. 
Source: BASF News Release, January 31, 2020