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A coatings business built around UV and EB curing could help redefine what a coatings company can be.
October 16, 2025
By: Mickey Fortune
Associate Executive Director, RadTech - The Association for UV & EB Technology
As The Carlyle Group, together with the Qatar Investment Authority (QIA), enters into a binding agreement to acquire BASF’s automotive OEM coatings, automotive refinish coatings, and surface treatment businesses, it faces a rare opportunity to help redefine manufacturing itself. The €7.7 billion transaction, expected to close in Q2 2026, values BASF’s entire Coatings Division at approximately €8.7 billion, or about 13 times 2024 EV/EBITDA, and marks one of Europe’s most significant specialty-...
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