January 28, 2008

BASF transfers Formi marketing and distribution rights to Addcon Nordic

BASF recently announced that it will transfer its Formi feed additive business to Addcon Nordic AS, allowing the company to concentrate on the supply of liquid organic acids.

Formi is a 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 EU in 2003 as an alternative to conventional in-feed antibiotics.

Formi has already been manufactured for BASF at Addcon's Porsgrunn in Norway production site since 2002 and has been marketed by BASF's Nutrition Ingredients business so far.

Full responsibility for global marketing and distribution of Formi will be transferred to Addcon during the first quarter of 2008.

BASF is a German chemical company and the largest chemical company in the world. The BASF Group comprises more than 160 subsidiaries and joint ventures and operates more than 150 production sites in EU, Asia, North America, South America and Africa.

ADDCON Nordic AS is dedicated to the production of formate-based products that provide unique ecological solutions for several industries.