Gabriel Acquires BASFs Capcure Mercaptan-based Curative Business

Ludwigshafen, Germany -- BASF and Gabriel Performance Products, LLC, a U. S. based specialty chemical company, signed a contract to transfer the BASF Capcure® business to Gabriel Performance Products. The transaction has been formally completed recently.

Capcure mercaptan-based curatives are used in epoxy curing applications that require rapid room temperature cure. The Capcure product line acquisition strengthens Gabriels position in the epoxy curing market. "Gabriel Performance Products continually seeks opportunities to strengthen its overall product portfolio," said Ken Allen, President and CEO of Gabriel.

The Capcure product line is well known since its inception 45 years ago. "The transaction allows BASF to further optimize its product portfolio after the acquisition of Cognis in 2010," said Detlef Ruff, Vice President Global Strategy, New Business and Product Development Dispersions & Pigments of BASF.

The transition provides for a 60 day period, or until February 15, 2013, to ensure supply reliability to customers during the transition. Additional details of the transaction were not disclosed.

About BASF

BASF is the worlds leading chemical company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. BASF combines economic success, social responsibility and environmental protection. Through science and innovation the company enables its customers in almost all industries to meet the current and future needs of society. BASFs products and system solutions contribute to the conservation of resources, the provision of healthy food and nutrition and improving the quality of life. BASF sums up this contribution in its corporate purpose: BASF creates chemistry for a sustainable future. BASF posted sales of about ?3.5 billion in 2011 and had more than 111,000 employees at the end of the year.

About Gabriel Performance Products, LLC

Gabriel Performance Products, LLC is a well-established specialty chemical company with detailed knowledge of the epoxy curative marketplace. Gabriels primary goal is to focus on mercaptan derivatives, working to capitalize on the brands 45 year history and strong market position.

Source: BASF