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BASF Bayer And Hoechst Combine Textile Activities

BASF, Bayer and Hoechst, all headquartered in Germany, have announced the consolidation of the companies textile activities into one newly created operation. According to the agreement, BASF will combine its textile chemical business with DyStar, the joint venture of Bayer and Hoechst. Each company will hold an equal share in this yet unnamed company. The newly formed company will have annual sales of 2 billion marks ($1 billion) and have a work force of approximately 4,700 employees worldwide.This venture will create the world's largest maker of textile dyes. The company is scheduled to begin operation April 1, 2000.


December 1999




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