Dick Peters produces wax additives, which are used, for example, in molds metal casting, adhesives and printing inks. It will be integrated into BYK Cera B.V., which is also located in the Netherlands.
In 2007, Dick Peters B.V. achieved sales of about €24 million. ALTANA will acquire the major part of the wax additives business with sales of about €20 million; the remaining part of the business stays with Clariant.
“With the acquisition of Dick Peters, ALTANA continues its growth strategy,” stated Dr. Matthias L. Wolfgruber, CEO of ALTANA AG. “In addition to organic growth, we pursue bolt-on acquisitions within the four existing divisions which must supplement our portfolio, strengthen our market position, be profitable and therefore create more value.”
“The acquisition of Dick Peters is an excellent supplement to our position in the wax additives business, which so far has been held by BYK Cera alone, and which now will be significantly strengthened,“ said Dr. Roland Peter, president Division BYK Additives & Instruments.