ALTANA acquires USBP pigments business

The acquisition will be folded into ALTANA's ECKART Effect Pigments division.

The specialty chemicals Group ALTANA (Wesel, Germany) announced on Aug. 21 that it has signed a contract to acquire the effect pigment business of the United States Bronze Powders Inc. (USBP, Flemington, N.J.). In 2007, USBP achieved sales of approximately $8 million in this business area. USBP retains its powder business as well as its aluminum pigments business.

Within the ALTANA Group, the acquired business will be integrated into the ECKART Effect Pigments division, a manufacturer of metallic and pearlescent pigments. The acquisition is subject to approval by antitrust authorities.