Wesel / Hartenstein, December 16, 2011
ECKART sells its Cosmetics natural mica pearlescent business to SUDARSHAN
The ECKART Effect Pigments division of ALTANA has signed an agreement to sell the natural mica pearlescent business for Cosmetics to SUDARSHAN Chemical Industries Limited, India. This business comprises all products under the well known brand names PRESTIGE™ and FLONAC - C™ that have been produced at ECKART’s Finnish plant in Pori. SUDARSHAN will add the new pearlescent product lines PRESTIGE™ and FLONAC - C™ to their existing pearlescent pigment portfolio sold under the SUMICOS™ brand name. The complete portfolio will be manufactured at SUDARSHAN’s facilities.
The agreement to sell the cosmetics portfolio based on natural mica was signed between ECKART and SUDARSHAN on 15 December 2011. SUDARSHAN will conduct the business after closing which is expected for 23 January 2012.
In future, the Business Line Cosmetics of ECKART will continue to focus on its core businesses with metallic effect pigments and pearlescent pigments based on borosilicates and synthetic mica.
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 about 85% 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 manufacturers, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronics 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 42 production facilities and 48 service and research laboratories worldwide. Throughout the Group, around 5,200 people work to ensure the success of ALTANA worldwide. In 2010, ALTANA achieved sales of more than 1.5 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.