ALTANA Expands its Additive Business
Takeover of two production facilities in the Netherlands and the U.S. with 45 employees
Specialty chemicals group Altana has acquired the Dutch enterprise Addcomp Holland BV, a developer and manufacturer of unique polymer additive solutions. Addcomp will be integrated into the Plastic additives business line of ALTANA’s largest division BYK Additives & Instruments. “In acquiring Addcomp, we are continuing to systematically pursue the ALTANA strategy of generating value-creating growth through targeted acquisitions,” says Dr. Christoph Schlünken, Member of the ALTANA Management Board.
“The acquisition is an ideal fit for BYK. The combination of BYK’s chemical and product expertise together with Addcomp’s unique process technology will enable us to develop and manufacture new and differentiating additives for the Thermoplastic market,” states Dr. Stephan Glander, President of BYK Additives & Instruments. “Through this acquisition we are systematically expanding our product portfolio and our application spectrum in the field of plastic additives.”
The acquisition adds a broad range of additive solutions with different functionalities, such as antifogging, improved processing, flame retardancy, heat stabilization and UV stabilization to BYK’s portfolio. The company, headquartered in Nijverdal, the Netherlands, employs 45 persons and operates production facilities and sales offices in Nijverdal and in Rochester Hills, Michigan, USA. In the 2015 fiscal year Addcomp’s sales amounted to a double digit million Euro figure.
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