Business News

ALTANA acquires additives business of DyStar group

Tuesday 31. March 2009 - The specialty chemicals Group ALTANA has acquired the high-performance additives business of the Frankfurt based DyStar group effective as of March 30, 2009.

The acquired business with annual of sales of about €7.5 million will be integrated into the BYK Additives & Instruments division. It mainly comprises the technologies for the production of additives, for the processing of plastics compounds and the existing customer contacts. The production of the additives will be integrated into BYK´s main factory in Wesel.

“With the acquisition of the high-performance additives business of DyStar we continue our strategy to strengthen and further enhance the market position of our individual divisions through bolt-on acquisitions in a targeted manner,” stated Dr. Matthias L. Wolfgruber, CEO of ALTANA AG. “With this step we underline that our growth ambitions remain unchanged, especially in economically difficult times, and create value.”

“Through the acquisition of the high-performance additives business we significantly expand the already given know-how of our company in the rapidly growing market of additives for the plastics industry,” said Dr. Roland Peter, President Division BYK Additives & Instruments. At the same time, so Dr. Peter, the future production at the existing production facilities in Wesel would strengthen BYK’s parent plant.

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.