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Elkem ASA acquires Basel Chemie

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Christian Fernsby ▼ | August 16, 2019
Elkem ASA
Acquisition   The acquisition gives Elkem access to leading technology

Elkem ASA acquires Basel Chemie, a Korean producer of specialty silicone gels for cosmetics and water repellents for the construction industry.

Topics: Basel

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% over the last three years.

The company is a technology driven downstream silicones producer with a high-end speciality portfolio for both skin care and colour cosmetic applications, and water repellents for the construction industry.

The companies have agreed an enterprise value of USD 26.9 million for the acquisition.


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