Wesel/Germany, December 30, 2008
ALTANA closes the acquisition of the wax additives business of Clariant
The German antitrust authority has approved the acquisition of Dick Peters B.V. by ALTANA AG. Effective as of today, the business activities of the Dutch manufacturer of wax additives, which was a subsidiary of the Swiss specialty chemicals company Clariant, will be transferred to the BYK Additives & Instruments division within the ALTANA Group. ALTANA will take over the production site of Dick Peters B.V. in Denekamp with its staff of about 35 employees. The purchase price amounts to €17.5 million.
Dick Peters produces wax additives, which are used, for example, in molds metal casting, in adhesives and printing inks. The newly acquired business will be integrated into BYK Cera B.V., which is also located in the Netherlands.
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.