MOSCOW (MRC) -- Specialty chemicals group Altana has acquired the Dutch enterprise Addcomp Holland BV, a developer and manufacturer of unique polymer additive solutions, said Business-Standard.
Addcomp will be integrated into the plastic additives business line of Altana’s largest division BYK Additives & Instruments.
Additives from Addcomp enhance functional performance of nearly every type of thermoplastic material for various applications like automotive, construction, packaging, etc. "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. Through this acquisition we are systematically expanding our product portfolio and our application spectrum in the field of plastic additives," stated Dr Stephan Glander, president of BYK Additives & Instruments.
The acquisition adds a broad range of additive solutions with different functionalities, such as antifogging, improved processing, flame retardancy, heat stabilisation and UV stabilisation to BYK’s portfolio. Addcomp is one of the leading players in applying masterbatch technology to achieve superior dispersion, to simplify handling of such difficult additives as liquids and viscous materials, and to provide the highest additive concentrations. The company employs 45 persons and operates production facilities and sales offices in Nijverdal (Netherlands) and in Rochester Hills (Michigan, USA). In 2015, Addcomp’s sales amounted to a double digit million Euro figure.
As MRC informed earlier, in 2014, Altana acquired two companies in Brazil. As a result, Altana’s Actega division - which produces specialty coatings, sealants, printing inks, and adhesives for the rigid and flexible packaging industry – will now have its own sites in South America's largest country. Both of the acquired companies are owner-operated and headquartered in the federal state of Sao Paulo.
Altana develops and produces high-quality, innovative products in the specialty chemicals business. 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.
MRC