Ciba Specialty Chemicals is complementing its range of pigments through the acquisition of the high-reflectance aluminum Metasheen line from Wolstenholme International Limited, Blackburn, UK. The transaction includes the respective manufacturing facilities owned by Wolstenholme. The purchase price is CHF 45 million ($38.7 million). The pigments will continue to be marketed under the Metasheen product name.
"This acquisition allows us to expand our product offering and complement our existing range with new effects," said Armin Meyer, chairman and CEO of Ciba Specialty Chemicals. "These versatile metallic pigments give a wide choice of shiny, sparkling and mirror-like effects, allowing manufacturers and designers broad scope and high flexibility in meeting today¹s market demand for exclusivity, and bright, lustrous shades."