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ALTANA ACQUIRES WAX ADDITIVES BUSINESS OF CLARIANT (11/24/08)

November 24, 2008
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The specialty chemicals group ALTANA has signed a contract to acquire Dick Peters B.V., a Dutch manufacturer of wax additives. Located in Denekamp, the Netherlands, Dick Peters B.V. is a subsidiary of the Swiss specialty chemicals company Clariant. In 2007, the company achieved sales of about €24 million.

Through its BYK Additives and Instruments’ division, ALTANA will acquire the major part of the wax additives business with sales of about €20 million; the remaining part of the business will stay with Clariant. Altana will assume control of the Dick Peters B.V. production site in Denekamp as well as its staff of about 35 employees. Within the ALTANA Group, Dick Peters B.V. will be integrated into BYK Cera B.V., which is also located in the Netherlands. The purchase price amounts to approximately €17.5 million, and the acquisition is subject to approval by antitrust authorities.

For more information, visit www.altana.com/press.

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