Ciba Specialty Chemicals
Ciba was a chemical company based in and near Basel, Switzerland. "Ciba" stood for "Chemische Industrie Basel" (Chemical Industries Basel). It was formed as the non-pharmaceuticals elements of Novartis were spun out in 1997, following the merger in the previous year of Ciba-Geigy and Sandoz that created Novartis.
In 2008, Ciba was acquired by the German chemical company BASF[1] and, in April 2009, integrated into the BASF concern.[2] Ciba AG initially continued to trade under the old name[3], but was renamed to BASF Schweiz AG in March 2010.[4]
The BASF subsidiary makes products in the following areas: Agriculture, Automotive, Construction & Pipes, Electronic materials, Extractive & Process Technologies, Home & Fabric Care, Inks & Graphics, Lubricants, Monomers & Water Soluble Polymers, Packaging, Paints and Coatings, Paper, Personal Care, Photo & Digital Imaging, Plastics & Rubber, Textiles & Fibers, Water treatment [1]
History
Part of the merger agreement of 1997 between Ciba Geigy and Sandoz was that the former's industrial chemicals business would be spun off as a separate business, leading to the formation of Ciba Specialty Chemicals plc.
In 2004 Ciba bought paper chemical manufacturer Raisio Chemicals from Raisio Group. In 2006, Ciba divested its Textile Dyes and Chemical Auxiliaries business in a sale to Huntsman Corporation.
In 2007 the company announced the intention to adopt the name Ciba Inc.
Ciba's board of directors agreed to a €3.4 billion takeover offer from BASF, the world's largest chemicals company, on 15 September 2008.[5]
Board of directors
- Michael Heinz Chief Executive Officer
- Armin Meyer Chairman of the Board
- Beat W. Hess Vice Chairman of the Board
- Utz-Hellmuth Felcht Member of the Board
- Erwin W. Heri Member of the Board
- Gertrud Höhler Member of the Board
- Jean-Marie Pierre Lehn Member of the Board
- Peter Littmann Member of the Board
- Uli Sigg Member of the Board
References
- ^ Medienmitteilung von BASF vom 20. November 2008: „Definitives Endergebnis für Ciba-Angebot beträgt 94,59 Prozent“
- ^ Medienmitteilung von Ciba und BASF vom 9. April 2009
- ^ Welcome to Ciba
- ^ Eine Marke verschwindet: Die Ciba heisst nun BASF Schweiz AG. In: Basler Zeitung, 1. März 2010
- ^ Kuehnen, Eva (15 September 2008). "BASF bids $3 bln for Switzerland's Ciba". Reuters. Retrieved 2008-09-15.
