New standalone entity named BASF Environmental Catalyst and Metal Solutions and headquartered in Iselin, New Jersey
BASF has completed the carve-out of its mobile emissions catalysts and precious metal services businesses and named the separate legal entity BASF Environmental Catalyst and Metal Solutions (ECMS). The company’s intention to carve out the entity was first announced in December 2021 with an expected completion timeframe of 18 months.
“We have reached this important milestone on time while retaining business continuity for our customers, partners and employees,” said Dr. Markus Kamieth, Member of the Board of Executive Directors of BASF SE, responsible for the Surface Technologies segment. “The ECMS team, supported by many BASF and external experts, has done a tremendous job of managing carve-out-related responsibilities while continuing their focus on competitive, cost-effective and innovative solutions for customers, and delivering excellent business results.”
ECMS has global operations in 15 countries with over 4,500 employees and 20 production sites. As a standalone entity, ECMS operates its own legal entities, IT system landscape and services independently. The ECMS business will continue to be reported as part of the Catalysts division in the Surface Technologies segment.
“I am extremely proud of what our team has accomplished in reaching this standalone achievement,” said Dirk Bremm, President and CEO of ECMS. “With our industry leading innovations, we are winning new platforms and are well positioned through this successful carve-out to be agile and entrepreneurial in taking hold of market opportunities in step with the more stringent light- and heavy-duty emissions regulations. Additionally, we will further pursue growth areas in circular solutions and the hydrogen economy.”
ECMS is a global leader in emissions catalysts and produces mobile emission catalysts for gasoline, diesel and off-road vehicles, motorcycles, small engines and other applications
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