European specialty chemicals producer Altana AG has expanded its plastics additives business with the acquisition of Netherlands-based company Addcomp Holland BV.
Addcomp, based at Nijverdal in the Netherlands, is a leader in masterbatch technology and specializes in producing additives to enhance performance of nearly every thermoplastic material for applications such as automotive, construction or packaging.
The firm, has two plants, one at Nijverdal and a second at Rochester Hills, Mich., where it employs a total of 45.
Addcomp will be integrated within Altana's additives and measuring products subsidiary BYK Additives & Instruments which serves markets including the coatings, inks and plastics industries. BYK has plants in the United States, China, the United Kingdom, Germany and the Netherlands and employs 1,900 overall.
The takeover will add a wide range of additive solution to BYK's portfolio providing functions such as anti-fogging, improved processing, flame retardation, heat and UV stabilization, according to the firm.
“The combination of BYK's chemical and product expertise together with Addcomp's unique process technology will enable us to develop and manufacture new and differentiating additives for the thermoplastic market,” states BYK's President Stephan Glander.
Addcomp's managing director Rudi Muis welcomed his firm's move to Altana which will “integrate the business in a larger and more globally oriented structure to tap its full potential on the market for plastic additives”.
Wesel, Germany-based Altana group offers products including special coatings, additives and adhesives, sealants and compounds, pigments and impregnating resins and varnishes. Its four divisions based in Germany include BYK, Eckart Effect Pigments, Elantas Electrical Insulation and Actega Coatings & Sealants.
The German group operates 45 production facilities and more than 50 service and research centers worldwide and employs 6,000. In 2015, it had sales of more than 2 billion euros.