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Home  > Markets & companies  > Raw materials market  > Altana enters into agreement to acquire rh...

Sunday, 15 September 2019
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Markets & companies, Raw materials market

Altana enters into agreement to acquire rheology modifier business from Rockwood

Tuesday, 30 July 2013

Altana takes-over four production sites and about 340 employees. The company seeks to grow the acquired rheology business in Asia.

"The acquisition of Rockwood’s rheology business is fully in line with our focus on true specialty chemicals and opens up new growth opportunities,” Altana CEO Dr. Matthias L. Wolfgruber said.
"The acquisition of Rockwood’s rheology business is fully in line with our focus on true specialty chemicals and opens up new growth opportuni...

Altana has signed a definite agreement to acquire the global rheology business of Rockwood Holdings Inc. (ROC). The unit, currently part of Rockwood’s "Performance Additives” segment, is one of the leading manufacturers of rheology additives that optimize the flow characteristics of various materials. With about 340 employees at four production sites in the U.S., the UK and Germany the rheology business generated sales of USD 191 million in 2012. After approval by the relevant antitrust authorities, the company will integrate the business into its Byk Additives & Instruments division. The purchase price amounts to USD 635 million. The closing of the transaction is expected to take place in the fourth quarter of 2013.

With the acquisition the company is expanding its existing additives portfolio. "The acquisition of Rockwood’s rheology business is fully in line with our focus on true specialty chemicals and opens up new growth opportunities,” Altana CEO Dr. Matthias L. Wolfgruber said. Rheology additives are amongst others used in coatings, construction materials and personal care products. They can, for example, ensure that coatings have the right viscosity and that they can be applied without forming droplets or bubbles.

"The acquisition is associated with an attractive growth potential", Dr. Christoph Schlünken, President Division Byk Additives & Instruments, said. "We will for example use the existing Byk structure to grow the acquired rheology business in Asia. " Currently about 40 % of Rockwood’s rheology sales are generated each in North America and Europe.

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