4 January 2017
DETAILS
- Acquisition includes
a production and research facility of Solvay
in New York state - Will be incorporated into
the ELANTAS Electrical Insulation division - Strengthens position as technology leader
in electrical insulation
and expands business in North America
ALTANA has acquired
the Formulated Resins business
of Belgian chemical group Solvay.
The products are sold primarily
under the Conap® brand name.
This business generated sales
of approximately 20 million USD in 2015.
With the acquisition, ALTANA takes over
a research and production facility from Solvay
with 53 employees in Olean, New York.
Within the ALTANA Group,
the business will be integrated into
ELANTAS PDG, Inc.
based in St. Louis, Missouri belonging to
the ELANTAS Electrical Insulation division.
Martin Babilas,
CEO of ALTANA AG
“By acquiring the formulated resins business of Solvay
we are strengthening our position
as a technology leader and expanding
our business in North America,”
Contact Corporate Communications
Andrea Neumann
Head of Corporate Communications
Tel +49 281 670-10300
Dr. Sebastian Heindrichs
Tel +49 281 670-10303
Heike Dimkos
Tel +49 281 670-10302
Sarah Grimhardt
Tel +49 281 670-10304
Fax +49 281 670-10999
press@altana.com
www.altana.com/press
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