Wesel (Germany) / Houston (USA), January 20, 2016
ALTANA invests in Melior Innovations
- Specialty chemicals group to cooperate with new technology company
- Focus is on developing Melior’s proprietary materials platform
- Investment: 3.5 million US Dollar
Wesel (Germany) / Houston (USA), January 20, 2016 – The specialty chemicals group ALTANA invests 3.5 million US Dollar in Melior Innovations, Inc. This technology company headquartered in Houston, TX, specializes in the development of high-performance materials with unique performance characteristics such as specialty ceramics for a broad range of applications. ALTANA will contribute its know-how in the optimization of surfaces. Together the companies expect to develop a wide range of new products for their key markets.
„We want to boost our overall innovation strength through cooperation with promising new companies“, says Dr. Christoph Schlünken, Member of the ALTANA Management Board. “With the investment in Melior Innovations we continue to implement this strategy.”
Mark Land, Founder and CEO of Melior Innovations commented: “Melior is delighted to have such an innovative partner as ALTANA. This synergistic relationship will accelerate both our development and commercialization activities. We look forward to a long and productive partnership.”
About ALTANA AG:
ALTANA is a global leader in true specialty chemicals. The Group offers innovative, environmentally compatible solutions for coating manufacturers, paint and plastics processors, the printing and packaging industries, the cosmetics sector and the electrical and electronics industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments. ALTANA's four divisions, BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants, all occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.
Headquartered in Wesel/Germany, the ALTANA Group has 49 production facilities and more than 50 service and research laboratories worldwide. Throughout the Group more than 6,000 people work to ensure the worldwide success of ALTANA. In 2014, ALTANA achieved sales of about 2 billion euros. About 6 percent of sales are invested in research and development every year. Its high earning power and high growth rate make ALTANA one of the most innovative, fastest growing, and profitable chemical companies in the world.
About Melior Innovations, Inc.:
Melior Innovations, Inc. is a materials technology company headquartered in Houston, TX. With a unique business model emphasizing collaboration and commercialization, its mission is the creation and delivery of disruptive technologies that drive lasting change in its chosen markets. Melior’s technology and products currently serve the coatings, electronic materials and oil and gas markets.