01.05.17
ALTANA has acquired the Formulated Resins business of Solvay. The products are sold primarily under the Conap brand name. Conap products are used in electronics, electrical and specialty adhesive applications. This business generated sales of approximately $20 million in 2015.
With the acquisition, ALTANA takes over a research and production facility from Solvay with 53 employees in Olean, NY. Within the ALTANA Group, the business will be integrated into ELANTAS PDG, Inc. based in St. Louis, MO, belonging to the ELANTAS Electrical Insulation division.
“Formulated resins from Solvay perfectly complement our existing product portfolio,” said Dr. Guido Forstbach, division president of ELANTAS Electrical Insulation. “It strengthens our business in electronics and we will be able to offer our worldwide customers even more innovative solutions in the field of electrical insulation and beyond.”
With the acquisition, ALTANA takes over a research and production facility from Solvay with 53 employees in Olean, NY. Within the ALTANA Group, the business will be integrated into ELANTAS PDG, Inc. based in St. Louis, MO, belonging to the ELANTAS Electrical Insulation division.
“Formulated resins from Solvay perfectly complement our existing product portfolio,” said Dr. Guido Forstbach, division president of ELANTAS Electrical Insulation. “It strengthens our business in electronics and we will be able to offer our worldwide customers even more innovative solutions in the field of electrical insulation and beyond.”