Wesel/Germany, November 24, 2008
ALTANA acquires wax additives business of Clariant
The specialty chemicals Group ALTANA signed a contract to acquire the Dutch manufacturer of wax additives, Dick Peters B.V. The company, which is located in Denekamp, the Netherlands, is a subsidiary of the Swiss specialty chemicals company Clariant. In 2007, Dick Peters B.V. achieved sales of about €24 million. Through its BYK Additives & Instruments' division, ALTANA will acquire the major part of the wax additives business with sales of about €20 million; the remaining part of the business stays with Clariant. At the same time ALTANA takes over the production site in Denekamp as well as its staff of about 35 employees. Within the ALTANA Group, Dick Peters B.V. will be integrated into BYK Cera B.V., which is also located in the Netherlands. The purchase price amounts to about €17.5 million. The acquisition is subject to approval by the antitrust authorities.
Dick Peters produces wax additives, which are used, for example, in molds for the steel and mechanical engineering industries, in adhesives and printing inks.
"With the acquisition of Dick Peters ALTANA continues its growth strategy," stated Dr. Matthias L. Wolfgruber, CEO of ALTANA AG. "In addition to organic growth we pursue bolt-on acquisitions within the four existing divisions which must supplement our portfolio, strengthen our market position, be profitable and therefore create more value."
"The acquisition of Dick Peters is an excellent supplement to our position in the wax additives business, which so far has been held by BYK Cera alone, and which now will be significantly strengthened," said Dr. Roland Peter, President Division BYK Additives & Instruments. He further stated that the product portfolio of Dick Peters would enable new applications and therefore make new market segments accessible. "We are strategically well positioned to further expand our position also in the wax additives business and to offer our customers a high degree of innovative ability and service."
This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.
ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine "global player" with 83% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.
ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.
At present, the ALTANA Group has 32 production facilities and 46 service and research laboratories worldwide. Throughout the group about 4,800 people work to ensure the success of ALTANA worldwide. In 2007, ALTANA achieved sales of about 1.4 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.