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"We are excited to have the Rolic team join BASF. The acquisition is a further step that reflects BASF's strategic and long-term commitment to grow in the electronics industry," said Dr. Markus Kramer, President of BASF's Dispersions & Pigments division.

"Our ability to deliver best-in-class technology solutions for next generation electronic devices and our local presence in all major markets are key success factors to respond to customer needs in this fast-moving, innovation-driven industry.

"We are convinced that bringing Rolic's strong technology know-how and customer relationships together with BASF's market reach will create new opportunities for co-developing next generation LCD and OLED displays featuring higher resolution, more brightness and deeper contrast," said Dr. Lothar Laupichler, Senior Vice President of BASF's Global Electronic Materials Business.

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