Archroma, the Swiss chemicals maker backed by SK Capital Partners LP, is set to acquire the textile operations of BASF SE (FRA: BAS) for an undisclosed price.

Both BASF’s and Archroma’s textile businesses are headquartered in Singapore, which enables the  Reinach, Switzerland-based buyer to ship products to its growing Asian customer base more quickly. Inking a deal with BASF will assist Archroma with facing growing competition in Asia, as well.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.