Altana: Rheology Business from Rockwood Acquired
The specialty chemicals group Altana AG, Wesel, Germany, acquires the global rheology business of Rockwood Holdings Inc. The unit, currently part of Rockwood’s “Performance Additives” segment, is one of the world’s 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, Altana 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.
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