Wallingford/Wesel, 23 April 2007
BYK-Chemie USA acquires Bergen Materials, Corp.
BYK-Chemie USA Inc., Wallingford, the US-subsidiary of BYK-Chemie GmbH, Wesel, member of ALTANA AG (NYSE: AAA, FSE: ALT) acquired the business of Bergen Materials, Corp. a US-based additives supplier serving customers in the Paint and Plastics industries. Net Sales of Bergen Materials Corp. is approximately 3 million USD. The completion of the transaction took place on April 20, 2007. With this move, BYK-Chemie will further strengthen its market presence in North America.
BYK-Chemie will take over the activities of the company, including all client relationships and production assets.
“The acquisition of Bergen Materials is a step towards expanding our fast-growing additives business in the US and will perfectly complement our existing activities,” Dr. Roland Peter, President Division Additives and Instruments of ALTANA Chemie and Managing Director BYK-Chemie comments.
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: Additives & Instruments, Effect Pigments, Electrical Insulation, and 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 speciality 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 31 production facilities and 45 service and research laboratories worldwide. Throughout the group about 4500 people work to ensure the success of ALTANA worldwide. In 2006 ALTANA Chemie achieved sales of about 1.3 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.