Altana buys clay-based additives business from Rockwood Holdings

By Michael Lauzon
Correspondent

Published: October 4, 2013 3:48 pm ET
Updated: October 4, 2013 3:51 pm ET

Related to this story

Topics Materials Suppliers

WESEL, GERMANY — German specialty chemical producer Altana AG has boosted its clay-based additives stake by completing the acquisition of the clay-based business of Rockwood Holdings Inc.

Altana, of Wesel, paid $635 million for the Rockwood business. The deal was finalized Oct. 1 after being announced in late July.

Clay-based additives can tailor rheological properties, i.e. flow characteristics, of polymers, coatings, personal care products and other formulations.

"The acquisition not only opens up new growth opportunities, it also emphasizes our strategy focusing on profitable growth and is fully in line with all our acquisition criteria," said Altana CEO Matthias Wolfgruber in a news release.

The deal complements Altana's BYK division which makes additives and color-measurement instruments.

"We will for example use the existing BYK structure to grow the acquired rheology business in Asia," predicted BYK Additives and Instruments President Christoph Schlünken.

Altana gets the clay business head office in Austin, Texas, and production sites in Gonzales, Texas; Louisville, Ky.; Widnes, England; and Moosburg, Germany.

About a year ago BYK started building a production plant in Wallingford, Conn. The $47-million project, the company's largest investment at that time outside Germany, is scheduled for completion next year. An official said in October 2012 that the new facility underlines BYK's intention to expand in North America and to make products locally.

BYK's total sales in 2012 were 618.4 million euros, mostly outside Germany. Its additives portfolio is diverse and includes processing aids, rheological additives, UV absorbers, waxes, dispersing agents, nano additives, inorganics and carbon tubes. The acquired clay business had sales of $191.4 million last year. It boosts Altana's employment by 350 to 5,700.

Altana's annual sales exceeded 1.7 billion euros in 2012. It runs 42 production facilities and 50 service and research laboratories around the world.

The clay-based business accounted for about 5 percent of Rockwood's sales. The deal follows by about two weeks Rockwood's announcement it agreed to sell five other non-strategic assets, including its titanium dioxide pigment operations, to Huntsman Corp. in a deal expected to close in the first half of 2014.


Comments

Altana buys clay-based additives business from Rockwood Holdings

By Michael Lauzon
Correspondent

Published: October 4, 2013 3:48 pm ET
Updated: October 4, 2013 3:51 pm ET

Post Your Comments


Back to story


More stories

Image

EPA fines RI polymer company

August 29, 2014 1:20 pm ET

A Rhode Island polymer manufacturer has reached a $60,000 settlement with the U.S. Environmental Protection Agency (EPA) for violating federal clean...    More

Image

Chinese compounders seek market shares, often at the expense of margins

August 29, 2014 10:02 am ET

China's largest compounder, Kingfa Sci. & Tech. Co. Ltd., as well as its more automotive-focused counterparts Shanghai Pret Composites Co. Ltd. and...    More

Image

PP prices rise 5 cents

August 28, 2014 3:59 pm ET

After a one-month break, volatility has returned to the North American polypropylene resin market, with prices increasing by an average of 5 cents...    More

Image

DuPont fined for 2010 chemicals release

August 28, 2014 1:37 pm ET

DuPont Co. has been fined almost $1.3 million for the release of several chemicals — including plastics feedstock phosgene — at its plant ...    More

Image

LyondellBasell to build feedstock plant on Gulf Coast

August 28, 2014 11:05 am ET

LyondellBasell Industries will build a world scale propylene oxide plant on the U.S. Gulf Coast with a capacity of 900,000 metric tons per year.    More

Market Reports

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events