August 1 2013, David R Brown
BTC Distribution companies outside Germany have been re-merged into local BASF companies
From July 1st 2013 BTC Speciality Chemical Distribution companies outside Germany have been merged into local BASF entities. BTC is BASF's own pan-European chemical distribution business and employs 220 people in 7 locations covering 18 countries via 10 warehouses. Sales revenues were over €500M in 2011.
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The company has said the BTC brand is being maintained and local teams will continue to act agents for BASF as a BTC Chemical Distribution Division within local BASF company structures. The decision is believed to have been the outcome of a strategic review of the company's global distribution arrangements following BASF's recent acquisitions of Cognis and Ciba.
Chemagility still believes the BTC brand really only makes strategic sense if BASF is committed to developing a 3rd party chemical distribution business. However, after nearly 10 years of operation, BTC has to all intents and purposes remained a captive, distribution company for BASF's own products even if does occassionally engage in ‘single sourcing’ services, whereby it procures non-BASF products which some customers may additionally require.
In addition BASF have just announced that BASF ChemTrade GmbH, a supplier of raw materials, additives, pharmaceutical ingredients, API's, aroma chemicals and vitamins for Life Science industries, has been merged into BTC Europe GmbH and will operate from the company's new location in Monheim, Germany.
About BTC Europe
BTC Europe has its origins in Tensid-Chemie, a specialty chemical distribution company acquired by BASF in 1979. In 2004 the name
was change to BTC Speciality Chemical Distribution.
Source(s): BTC press release
Further Information
Visit: http://www.btc-europe.com