Altana Completes Acquisition of Wolstenholme Group Ltd.WESEL, Germany -- After having received the approval by the German and British antitrust Antitrust The antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade. authorities, ALTANA AG will now complete the acquisition of the worldwide effect pigments business of the British company Wolstenholme Group Ltd. With immediate effect Wolstenholme's business activities will be transferred to ALTANA. The acquisition contract was signed in June 2007; the purchase price for the business amounts to EU24 million. Within the framework of the transaction, ALTANA is acquiring Wolstenholme's business with bronze and aluminum pigments as well as printing inks based on these pigments for the graphic arts graphic arts: see aquatint; drawing; drypoint; engraving; etching; illustration; linoleum block printing; lithography; mezzotint; niello; pastel; poster; silk-screen printing; silhouette; silverpoint; sketch; stencil; woodcut and wood engraving. , coatings and plastics industries. In 2006, Wolstenholme achieved sales of about EU29 million in this business area. The business will be integrated into the ALTANA division ECKART Effect Pigments, which generated sales of EU339 million in 2006. ALTANA will not take over Wolstenholme's production plants and employees in Great Britain Great Britain, officially United Kingdom of Great Britain and Northern Ireland, constitutional monarchy (2005 est. pop. 60,441,000), 94,226 sq mi (244,044 sq km), on the British Isles, off W Europe. The country is often referred to simply as Britain. and the US. Instead, ECKART is going to increase the production capacities in its main factory in the Franconian town of Guntersthal in Bavaria by investing about EU10 million in the medium term. This press release is also available at www.altana.com/press About ALTANA: ALTANA develops and produces high-quality innovative products in the specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine "global player" with 83% of its sales generated by international activities. The ALTANA Group has four divisions: BYK BYK Bouake Cote d'Ivoire (Ivory Coast airport code) Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation Electrical insulation A nonconducting material that provides electric isolation of two parts at different voltages. To accomplish this, an insulator must meet two primary requirements: it must have an electrical resistivity and a dielectric strength , 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. ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins resins, n.pl complex, insoluble, sticky substances secreted by plants. Used as astringents, antimicrobials, and antiinflammatories, and are burned as incense. Can cause oral ulcers and epidermal irritations. & varnishes, and testing and measuring instruments. At present, the ALTANA Group has 31 production facilities and 45 service and research laboratories worldwide. Throughout the group 4,500 people work to ensure the success of ALTANA worldwide. In 2006 ALTANA achieved sales of about 1.3 billion euros. Its impressive earning power Earning power Earnings before interest and taxes (EBIT) divided by total assets. earning power 1. The earnings that an asset could produce under optimal conditions. For example, AT&T may currently be earning $2. and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide. |
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