April 9 (Reuters) - Duracell, the battery maker owned by
Warren Buffett's Berkshire Hathaway ( BRK/A ), has been sued by
BASF for allegedly stealing trade secrets related to
the German chemical company's lithium ion battery technology,
court documents showed.
In a heavily redacted complaint made public on Tuesday in
Delaware federal court, BASF said the trade secrets related to
its efforts over several years to manufacture lower-cost
materials for high-powered batteries.
Duracell did not immediately respond to requests for comment
on Wednesday.
In the complaint, BASF said it invested substantial
resources in creating a proprietary and trade-secret process for
producing high-performance cathode material, a battery component
it called "crucial".
But it said Duracell misappropriated secrets while the
companies had a collaboration agreement, shared details with a
third party, and arranged for manufacturing under the false
pretense that BASF's process came from Duracell.
By "cutting BASF out of its role as developer and supplier,"
Duracell caused "substantial and irreparable injury," justifying
damages, BASF said.
Lithium ion batteries are used in many products including
consumer electronics, electric vehicles, appliances, toys and
energy storage systems.
BASF announced a plan in December 2023 to separate its
battery chemicals business and two other businesses into
autonomous units, to help boost earnings.
Berkshire bought Duracell from Procter & Gamble ( PG ) for
about $2.9 billion in 2016.
The case is BASF Corp. v. Duracell U.S. Operations Inc, U.S.
District Court, District of Delaware, No. 25-00404.