BASF sells coatings business to Carlyle in €7.7 billion deal
By 
Anthony King2025-10-17T13:32:00
Deal covers automotive and surface treatment businesses and follows earlier sale of decorative paints
Chemical company BASF has carved out its coatings business as a standalone company valued at €7.7 billion (£6.7 billion). Private equity firm Carlyle, partnering with Qatar Investment Authority, is acquiring 60% of the new firm, with BASF retaining 40%.
The division consists of automotive coatings, automotive refinish coatings and surface treatment businesses. The move follows BASF’s $1.15 billion (£855 million) sale of its Brazilian decorative coatings business to Sherwin-Williams in February of this year.