BASF pitches the integration opportunities that would come with an Evonik deal

News The latest chemistry news, including important research advances, business and policy trends, chemical safety practices, career guidance, and more. Read More Since he took over as BASF CEO in 2024, Markus Kamieth has embarked on a strategy, dubbed Winning Ways, to focus on the company’s core chemical business and reduce costs.

On his watch, BASF has divested its coatings business and is planning a public stock offering of its agricultural unit. Kamieth sees the acquisition of the specialty chemical maker Evonik Industries as the culmination of that strategy.