BASF to become more sustainable together with DLA Piper
The chemical company BASF has spun off its exhaust catalyst and precious metal services businesses into an independent unit. The new company – focusing on the circular and hydrogen economy – falls under the name BASF Environmental Catalyst and Metal Solutions (ECMS) and will be based in Iselin, New Jersey, USA. As the company now employs 4,500 people at 20 production sites in 15 countries, the announced timetable won’t take less than 18 months.
The spin-off of the business is part of BASF’s transformation to a carbon-neutral economy.
In the operation BASF has been assisted by law firm DLA Piper (with global co-chair Benjamin Parameswaran (pictured), Tim Arndt, Edmund Mokhtarian, Deanna Reitmann, Marc Horwitz, Drew Young, Ferlillia Roberson, Dan Fazio, Vinny Sanchez, Lauren Murdza, Jeff Salinger, Paolo Morante, Marta Frąckowiak, Jonathan Watkins, Samata Masagee, Stewart Wang, Ludger Giesberts) and law firm Campos Mello Avogados, (with Fabio Campos Mello and Fabiano Gallo).
ECMS’s in-house legal assisted in the deal as well, and in particular: Stefan John (Chief Legal Officer and Senior Vice President), Jamie Henig (General Counsel Americas), Jonas-Philipp Hermann (General Counsel EMEA), William Tan (General Counsel APAC), Karen Ware (Chief Legal Counsel/Global IP), Daniel Patalano (Chief Legal Counsel/Global Trading and Regulatory).
