The German antitrust authority has approved the acquisition of Dick Peters B.V. by ALTANA AG. Effective Dec. 30, 2008, 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.