PATERSON, N.J. — Ted D’Amico, president of Ultra Additives, Inc., Paterson, N.J., and Dr. Michael Münzing, managing director of Münzing Chemie GmbH, Heilbronn, Germany, announced an agreement for Münzing, Inc., a wholly owned subsidiary of Münzing Chemie GmbH, to acquire Ultra Additives.
Ultra Additives, co-founded by the D’Amico family in 1952, specializes in supplying high-technology, high-performance defoamers and related products. The company’s defoamers are used in adhesives, coatings, inks, metal-working fluids, paint, textile processing and other applications.
Münzing Chemie, founded in 1830 by the Münzing family, is a leading supplier of process chemicals in Europe and the Far East. In addition to defoamers, the company supplies emulsifiers, wetting agents, thickeners and related products for the adhesives, coatings, inks, leather-finishing, paint, paper and water-treatment industries.
Ultra Additives will continue to operate as a separate company within the Münzing group, and its headquarters will remain in Paterson. Ted D’Amico will continue to be president and CEO, and a stockholder.
D’Amico and Münzing said that the transaction represents a “significant milestone for both companies. The combined group will now have production facilities in both Europe and the United States, with greater technological resources and a strong global presence to better serve our customers worldwide.”