In a significant development for the automotive refinish industry, BASF has announced a binding agreement with global investment firm Carlyle to acquire its coatings business, including the automotive refinish division that serves collision repair professionals worldwide. The transaction, valued at €7.7 billion (approximately R153 billion), is expected to close in the second quarter of 2026, subject to regulatory approvals.
For body shops and collision repair facilities currently using BASF refinish products, the message is clear: it's business as usual. BASF has emphasized that there will be no immediate changes to product availability, quality, or customer service. All existing contracts and delivery commitments remain firmly in place.
BASF will retain a 40% equity stake in the coatings business, demonstrating its continued confidence in the division's performance and future potential. This ongoing investment ensures continuity of the technical expertise and innovation that collision repair professionals have come to rely on.
Carlyle brings substantial experience in managing complex industrial acquisitions and has a proven track record in the coatings sector through previous investments in companies like Axalta and Atotech. The partnership with Qatar Investment Authority further strengthens the financial backing behind this transition. The acquisition is part of BASF's broader strategic initiative to unlock value in its standalone businesses while maintaining its commitment to the coatings sector through its significant equity position.
In communications to customers, BASF Coatings leadership has reaffirmed the company's core strengths that matter most to collision repair professionals:
While the transaction won't be finalized until mid-2026, BASF has committed to keeping customers informed throughout the transition process. Any necessary updates regarding contracts or administrative procedures will be communicated directly through account managers.
For collision repair businesses, this acquisition represents an evolution rather than a disruption. With Carlyle's investment backing and BASF's continued involvement, the coatings division is positioned for long-term growth and continued service to the automotive refinish industry.
Customers with questions about the transaction are encouraged to contact their BASF account manager for specific information related to their business relationship.
This article is based on official communications from BASF Coatings leadership and publicly available information about the transaction announced October 10, 2025.
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