The newly-acquired Cognis business had a positive effect on BASF’s Q1 Performance Products results, as the integration is on-track for completion by the end of 2011.
Cost savings initiatives have helped offset steeply declining sales for nutritional and personal care ingredients company Cognis during the first three quarters of 2009, the company said on Wednesday.
Cognis has told NutraIngredients.com the German ingredients giant will not be sold in the near-future despite suggestive statements emanating from the German press.