BASF Coatings now officially Surventis
Surventis, formerly BASF Coatings, has launched as an independent company, completing its carve-out from BASF as a corporate brand.
With around €3.9 billion in annual sales and around 10,700 employees, a press release from the company states that Surventis is one of the world’s leading suppliers of automotive coatings and surface treatment solutions.
BASF reached an agreement with global investment firm Carlyle, in partnership with Qatar Investment Authority (QIA), in October to sell its Coatings Division. It announced at the time that, upon closing of the transaction, Coatings would operate as a standalone entity.
In October, BASF said that it would hold a 40% equity stake and receive pre-tax cash proceeds of €5.8 billion at closing, slated for Q2 2026. The enterprise value of the transaction was listed as €7.7 billion.
The businesses include automotive OEM and refinish coatings as well as applied surface treatments for metal, plastic, and glass substrates in a wide range of industries.
The July 1 press release states that the business is majority-owned with funds managed by Carlyle in partnership with Qatar Investment Authority. BASF holds a 40% stake in Surventis.
“The identity reflects a business built on superior science, a constant drive to innovate, and the momentum to act as a newly independent company, shaping the industry through technological leadership and close collaboration with its partners,” the release states, referring to Surventis as its own brand.
“With a new name and brand identity, Surventis will continue to develop, produce, and market coatings and surface treatment solutions for industrial, automotive, and refinish customers worldwide. Its portfolio spans well-known brands such as Chemetall, Glasurit, and R-M, delivering high-performance and sustainable solutions.”
Surventis is built on deep expertise and decades of trusted relationships, serving more than 42,000 customers across over 140 countries from a network of more than 30 production and development sites. Its headquarters is located in Muenster, Germany, which hosts the world’s largest integrated paint manufacturing site, according to the release.
”As a standalone company, Surventis will operate with greater speed, agility, and focus,” the release states. “Carlyle will support the business through targeted investments in its global capabilities and local operations, drawing on its track record in carving out and building standalone industrial companies. Surventis will strategically focus on entrepreneurship, performance, and growth – helping customers succeed in today’s demanding and fast-evolving markets.”
Surventis CEO Jens Luehring stated in the release that the carve-out “marks an exciting new chapter for Surventis and for all of our employees around the world.”
“I want to thank the entire team whose dedication and hard work have brought us to this milestone,” he said. “We are building on more than 130 years of coatings expertise and some of the most trusted brands in the industry as we begin our journey as an independent company. Our customers will benefit from a faster, more focused partner, with our full attention on the surfaces they make and sell. Their success is our success. We are already a leader in this industry, and our ambition is clear: to become the leading coatings technology company.”
Carlyle Tanaka Maswoswe added that as an
independent company, Surventis is “exceptionally well-positioned to accelerate innovation, deepen customer partnerships, and capture global growth opportunities.”
”We are looking forward to supporting Jens, and the Surventis management team in their next chapter,” she said.
Surventis says it will continue to operate with the same products, technologies, brands, and technical teams that customers already rely on. The release states that the company’s portfolio across all three businesses remains unchanged, ensuring continuity in reliability, quality, and service.
Surventis will be led by its Executive Committee, headed by Luehring. Joining the Executive Committee are Chief Financial Officer Michael Pontzen and Chief Transformation Officer Ewout van Jarwaarde. Together with Executive Vice President Operations Mobility/Refinish Nils Lessmann and the leaders of the company’s three business units – Frank Naber, executive vice president Surface Treatment; Patrick Zhao, executive vice president Mobility Coatings; and Steve Arndt, executive vice president Refinish Coatings.
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Featured image credit: Surventis