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

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

BASF pre-tax earnings rise, but will miss financial targets for 2015

October 24, 2014 10:16 am ET

BASF SE has raised its expectations for pre-tax earnings in 2014 but warned that it would not hit its financial targets for next year.    More

Image

Sabic, Shell cancel expansion for SADAF joint venture in Saudi Arabia

October 24, 2014 9:19 am ET

Saudi Basic Industries Corp. and Royal Dutch Shell have cancelled plans to expand an existing petrochemical joint venture in Saudi Arabia following...    More

Image

Sadara CEO says Middle East now has 20 percent of global ethylene capacity

October 24, 2014 9:33 am ET

Sadara CEO Ziad Al-Labban claims that the Middle East's ethylene capacity is now 20 percent of global production.    More

Image

PolyOne increases quarterly profits despite falling sales

October 23, 2014 4:55 pm ET

North American compounding leader PolyOne Corp. saw its third-quarter profit increase, even as sales fell vs. the year-ago period.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events