ALTA Performance Materials acquires BASF Palatal resin business unit
Industrial manufacturer ALTA Performance Materials signed a definitive agreement to acquire the Palatal resin business unit from BASF expanding chemical production capacity across South American manufacturing facilities
LONDON, November 5, 2026 - ALTA Performance Materials has announced the acquisition of BASF's Palatal resin business unit in Chile. This move aligns with ALTA's strategy to bolster its presence in South America, combining ALTA's capabilities with Palatal's established production capacity, expertise, and customer relationships within the composites sector.
Palatal serves numerous industries, including construction, mining, aquaculture, transportation, and industrial applications. The company's manufacturing facility in Concón, Chile, brings a strong local customer base and deep market knowledge. Once the acquisition is finalized, ALTA Performance Materials will operate as the second production site in Latin America, enhancing its regional footprint and support for customers through local supply, technical know-how, and a wider array of performance materials.
The transaction's completion hinges on standard closing conditions and regulatory approvals. ALTA's CEO, Andrew Miller, emphasized South America's importance to the company and highlighted the value Palatal brings through its brand, products, technical expertise, and local market understanding. For BASF, the decision to sell Palatal to ALTA is part of its strategy to concentrate on core chemical businesses, with the aim of ensuring a seamless transition and business continuity until the deal is fully executed.
ALTA and BASF will continue to operate as separate entities until the acquisition is complete. Additional details are available on ALTA's website (www.ALTApm.com) and BASF's website (www.basf.com).
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