ALTANA buys Clariant's wax additives business

Specialty chemicals group ALTANA has signed a contract to acquire wax additives manufacturer Dick Peters BV.

Specialty chemicals group ALTANA (Wesel, Germany) reported on Nov. 24 that it has signed a contract to acquire wax additives manufacturer Dick Peters BV (Denekamp, The Netherlands). The company is a subsidiary of the Swiss specialty chemicals company Clariant.

In 2007, Dick Peters BV achieved sales of about €24 million. Through its BYK Additives & Instruments’ division, ALTANA will acquire the major part of the wax additives business with sales of about €20 million; the remaining part of the business stays with Clariant. At the same time ALTANA takes over the production site in Denekamp as well as its staff of about 35 employees. Within the ALTANA Group, Dick Peters BV will be integrated into BYK Cera BV, which is also located in The Netherlands. Purchase price is €17.5 million. The acquisition is subject to approval by antitrust authorities.

"With the acquisition of Dick Peters, ALTANA continues its growth strategy," stated Dr. Matthias L. Wolfgruber, CEO of ALTANA AG. “In addition to organic growth we pursue bolt-on acquisitions within the four existing divisions which must supplement our portfolio, strengthen our market position, be profitable and therefore create more value."