ALTANA Chemie Acquires Electrical Insulation Production of INVEX

24-Jan-2006

Altana Chemie AG has agreed with INVEX S.p.A., Italy to buy its captive production of resins for insulating magnet-wire in Cerquilho, Brazil. Completion of the transaction is planned to take place in the second quarter of 2006. ALTANA Chemie will take over the chemical production site, including all employees and production assets. Details of the purchase price have not been disclosed.

The newest member of ALTANA Chemie, ALTANA Isolantes Elétricos do Brasil Ltda. further completes the global coverage of the Division Electrical Insulation. ALTANA Chemie intends to expand the production capacity of the plant and will integrate its existing South American electrical insulation business, currently operated by a licensee.

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