Wesel, January 20, 2011.
ALTANA acquires polymer modifier producer Kometra
The specialty chemicals Group ALTANA has signed an agreement today to acquire Kometra Kunststoff-Modifikatoren und -Additiv GmbH. Kometra produces so-called polymer modifiers in Schkopau, Saxony-Anhalt, Germany. These modifiers are specific surface-active copolymers which are used as impact modifiers and adhesion promotors in many applications. Polymer modifiers are applied in the refinement of standard plastics and are particularly used in technical applications, for example in the automotive industry. The company will be integrated into ALTANA‘s BYK Additives & Instruments division.
“The acquisition of Kometra underlines our strategy of value creation which includes both organic growth as well as targeted acquisitions in order to expand our market leadership in technologically demanding markets,“ stated Dr. Matthias L. Wolfgruber, CEO of ALTANA AG.
“With Kometra’s technology there are new fields of business which ideally complement and expand our existing activities,“ said Dr. Roland Peter, President Division BYK. He added that BYK’s global sales network is particularly well suited to open up new market potential for the polymer modifier technology worldwide.
This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.
ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine “global player” with 84% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.
ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.
At present, the ALTANA Group has 35 production facilities and 47 service and research laboratories worldwide. Throughout the group 5,000 people work to ensure the success of ALTANA worldwide. In 2009 ALTANA achieved sales of about 1.2 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.