Oslo, 16 August, 2019: Elkem ASA acquires Basel Chemie, a Korean producer of specialty silicone gels for cosmetics and water repellents for the construction industry. The acquisition gives Elkem access to leading technology in attractive end-user silicone segments and provides a solid platform for further development and growth.
Basel Chemie was founded in 1999 and has a state-of-the-art plant near Gunsan and a new research and development and office centre in Seoul. The company has 32 employees and had an annual turnover of USD 7.7 million in 2018 and an average EBITDA margin of 28%
Source: Elkem ASA acquires Basel Chemie