BASF Transfers Marketing and Distribution Rights of Feed Additive Formi to Addcon Nordic AS

28/01/08 BASF will transfer its Formi feed additive business to Addcon Nordic AS. The move allows BASF’s Nutrition Ingredients business to concentrate their respective activities more on the supply of liquid organic acids.

Formi is solid potassium diformate synthesized from formic acid and is used in the pig farming industry. In recognition of its antimicrobial activity, Formi was authorized by the European Union in 2003 for use as an alternative to conventional in-feed antibiotics.

Formi has already been manufactured for BASF at Addcon's Porsgrunn (Norway) production site since 2002, it has been marketed by BASF’s Nutrition Ingredients business so far. Full responsibility for global marketing and distribution of Formi will transfer to Addcon during the first quarter of 2008.

As the leading global manufacturer of formic and propionic acid, BASF will continue to be a reliable supplier of liquid organic acids to the animal feed industry. BASF’s sales force will support customers during the transition phase. Addcon Nordic AS is a wholly owned subsidiary of Addcon Group GmbH.

ADDCON Nordic AS is dedicated to the production of formate-based products that provide unique ecological solutions for several industries. Its entire portfolio is benign, ecological and fully biodegradable. The company is the preferred provider of formate solutions to the oil and gas industry, to the preservation, refrigeration and de-icing sectors. ADDCON Nordic AS, formerly Yara Formates/Hydro Formates has been the leading producer of potassium formate brines and powders since 1994.