BASF sells coatings business to Carlyle Group

BASF has entered into a binding agreement with the Carlyle Group for the sale of its automotive OEM coatings, automotive refinish coatings, and surface treatment businesses (BASF Coatings).

The deal is valued at €7.7 billion and is expected to close in Q2 2026.

BASF will continue to hold a 40 per cent equity stake in the coatings business, in order to continue building on its success.

The Carlyle Group, a US private equity firm, says it will “leverage its strong track record and extensive experience in successful carve-outs” of industrial and chemical assets, following previous investments in Axalta, Atotech, and Nouryon.