ALTANA has acquired the high-performance additives business of the Frankfurt based DyStar group effective as of March 30, 2009. The acquired business with annual of sales of about €7.5 million will be integrated into the BYK Additives & Instruments division. It mainly comprises the technologies for the production of additives, for the processing of plastics compounds and the existing customer contacts. The production of the additives will be integrated into BYK´s main factory in Wesel.
“With the acquisition of the high-performance additives business of DyStar we continue our strategy to strengthen and further enhance the market position of our individual divisions through bolt-on acquisitions in a targeted manner,“ stated Dr. Matthias L. Wolfgruber, CEO of ALTANA AG. “With this step we underline that our growth ambitions remain unchanged, especially in economically difficult times, and create value.“
“Through the acquisition of the high-performance additives business we significantly expand the already given know-how of our company in the rapidly growing market of additives for the plastics industry,“ said Dr. Roland Peter, president division BYK Additives & Instruments. At the same time, Dr. Peter said the future production at the existing production facilities in Wesel would strengthen BYK’s parent plant.
ALTANA Acquires Additives Business of DyStar Group