British company buys into Hoechst AQF division

British company buys into Hoechst AQF division

Charlotte, NC

BBA Group PLC (London), the international engineering group and a leading nonwovens material manufacturer with extensive operations in North America, recently acquired an equity interest in AQF Technologies LLC. AQF is a new company created by Hoechst AG to operate its Air Quality Filtration business. Under terms of the agreement, Hoechst will maintain a majority share over the first few years, while BBA will contribute to the operation of the company and be represented on its board of managers. AQF`s core management team will remain intact. The agreement enhances AQF`s position as a global provider of specialty filtration products. — TGW

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