BASF and Takeda Combine.(Brief Article)

Food Trade Review, September, 2000

BASF Akt, Ludwigshafen, tel: 49 621 60-9 9938, and Takeda Chemical Industries Ltd, Osaka, Japan, have agreed to combine their bulk vitamins businesses, which includes transferring part of Takeda's assets. The agreement has been approved by the respective Boards of both companies. Following regulatory approvals, the combined business will have a global presence and a combined share of approximately 30% of the worldwide vitamins market and will provide food, pharma and feed customers with a full range of vitamin products.

The new alliance is part of BASF's Euro 600m. investment program.