BASF to divest QTA Quality Trait Analysis division to Eurofins
BASF announced March 23 that it has entered into a definitive agreement to divest its QTA Quality Trait Analysis division in an asset sale to a wholly owned subsidiary of Eurofins Scientific Inc., located in Des Moines, Iowa.
Completion of the divestiture is subject to customary conditions, and is expected to be completed by March 31. As part of the agreement, BASF will transfer approximately 10 employees. Eurofins will enter into a supplier agreement with BASF to provide QTA service continuously to BASF. Details of the agreement were not disclosed.
“The deal represents an excellent strategic fit for Eurofins Scientific Inc. and opens up more opportunities for them to offer unique QTA services to a broad range of industries,” said Christian Seufert, vice president of business management formulation technologies for BASF in North America.
The QTA system is a patented analytical service that enables client companies to quickly and easily test the quality of products and materials, with a high degree of reliability and accuracy. With high-quality data, obtained in rapid time, QTA helps its clients to increase the value of their finished product, improve process yields, reduce waste and rework and improve profitability.
After its foundation by Cognis Corporation in 2001, the QTA business quickly expanded its scope of business, serving stakeholders in multiple industry segments, including grains and seeds, biodiesel, food ingredients, pesticides, chemicals, plastics, and fabrics. The QTA division was part of BASF’s acquisition of Cognis in 2010.