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Mar 3, 2009

BASF Appoints as Distributor for Acrylic Monomers in Canada

CHARLOTTE, North Carolina, March 3, 2009 -- BASF has named as its exclusive distributor for acrylic monomers in Canada for less-than-truckload quantities, effective April 1, 2009.
"BASF's decision in 2004 to appoint ChemPoint as its distributor for acrylic monomers in the United States proved to be successful for both companies and for our customers serviced by this relationship," said Dave Antonuccio, Sales Manager for BASF's Acrylic Monomers business in North America. "ChemPoint remains an ideal partner for the acrylic monomers business in North America, and is also well-suited to satisfy the demanding needs of our specialty customers in Canada."
"ChemPoint is honored that BASF has chosen to expand this relationship into Canada," said Tim Stanislaus, Coatings Marketing Manager at ChemPoint. "It demonstrates the scalability of our global business model, as well as our ability to provide world class service to market segments that are underserved through more traditional models."
"ChemPoint's model is consistent with our overall channel strategy, and, consequently, we are migrating what has worked for us in the United States to Canada, said Frank Bergonzi, Director of Distribution Program Management for BASF in North America."
Acrylic monomers are key raw materials for functional polymers that are used in a wide range of applications, including the manufacturer of superabsorbents, coatings, adhesives and paper. Specialty Monomers are a critical component of products, such as automotive coatings and water treatment chemicals.
About BASF
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics and performance products to agricultural products, fine chemicals as well as oil and gas. As a reliable partner BASF helps its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. BASF has approximately 97,000 employees and posted sales of more than €62 billion in 2008. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN).

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