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04-01-2009: The specialty chemicals Group 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, so Dr. Peter,
the future production at the existing production facilities in Wesel would strengthen
BYK’s parent plant.
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