Baalbaki buys BASF Kanoo Polyurethanes

摘要

Dubai-Baalbaki Chemical Industries has acquired BASF Kanoo Polyurethanes,based at Dubai Industrial City in the UAE.The deal is expected to conclude before 31 August 2022.BCI plansto use the newly acquired facilities to expand its PL)systems manufacturing and technical service capabilities in the Middle East.The company currently has production facilities in UAE and Egypt,with other operations in Turkey,Jordan,Algeria and Lebanon.The acquisition means BCI's corporate headquarters and its RD facility will be based in Dubai.