Later History
Engelhard operated a Minerals & Chemicals Division and an Engelhard Industries Division with corporate headquarters in Menlo Park, New Jersey. In 1984, the company was realigned to consist of a Specialty Chemicals Division and a Specialty Metals Division. Engelhard expanded significantly through growth, acquisitions and joint ventures. Acquisitions included the Freeport Kaolin Company in 1985; most of the business of the Harshaw/Filtrol Partnership in 1988; the auto catalysts and petroleum catalysts businesses of Solvay Catalysts GmbH, in 1992 and 1994, respectively; the Mearl Corporation in 1996; the catalyst business of Mallinckrodt Inc. in 1998; Süd Chemie’s fats and oils catalyst business in 2001; and the Collaborative Group, a personal care company, in 2004.
BASF recently initiated a hostile takeover for Engelhard.
On May 30, 2006, Engelhard was taken over by BASF after the board agreed for the takeover of BASF. BASF paid $US39 per share. The transaction totalled $5 billion.
On August 2, 2006, BASF began to rename Engelhard worldwide. This started in the USA with BASF Catalysts LLC.
On April 1, 2010, BASF Catalysts LLC became part of BASF Corporation.
Read more about this topic: Engelhard
Famous quotes containing the word history:
“The history of American politics is littered with bodies of people who took so pure a position that they had no clout at all.”
—Ben C. Bradlee (b. 1921)
“No cause is left but the most ancient of all, the one, in fact, that from the beginning of our history has determined the very existence of politics, the cause of freedom versus tyranny.”
—Hannah Arendt (1906–1975)