The agreement enables ALTA Performance Materials to expand its production capacity in South America and is in line with BASF's strategy of focusing its portfolio on its core chemical businesses. Palatal's operations will continue without interruption during the transition period.

London, 6 November 2026 - ALTA Performance Materials today announced that it has signed an agreement with BASF to acquire the Palatal business in Chile. The agreement is an important step in ALTA Performance Materials' strategy to strengthen its presence in South America and to combine existing production capacity, technical know-how and customer relationships to meet the needs of the composites industry.

The Palatal business supplies customers in construction, mining, aquaculture, transportation and industry with vinyl ester resins and unsaturated polyester resins. Palatal's production site is located in Concón, Chile, and the business has an established customer base and a team with extensive knowledge of the South American market.

Upon completion of the acquisition, ALTA Performance Materials will have a second production site in Latin America, expanding its regional manufacturing footprint and enabling it to better support customers through local supply, technical expertise and a broader portfolio of high-performance materials.

Final completion of the transaction is subject to customary closing conditions for this type of transaction, including the required regulatory approvals.

Andrew Miller, Managing Director of ALTA Performance Materials, said in substance that South America is an important market for the company and that the agreement is a significant step in strengthening its presence in the region. Palatal is an established business with a respected regional brand, valuable technical know-how and employees who know their customers and markets well. Combining this experience with ALTA's capabilities will allow the company to offer customers more, both in materials and in support. (Quote rendered in substance.)

Ronaldo Freitas Junior, head of M&A transactions at BASF Chile, said in substance that BASF's strategy is to focus its portfolio on core chemical businesses and that BASF is convinced ALTA Performance Materials is the right partner to support Palatal's further growth. After signing, the top priority is to maintain operations and ensure a smooth transition. (Quote rendered in substance.)

Until completion of the transaction, Palatal remains part of BASF, with both businesses continuing to operate independently in accordance with the transaction agreements.

This text was automatically translated from the German original.