TAGS: Automotive Coatings Inks
ALTANA, a specialty chemicals group, enters into an agreement to acquire the Silberline Group. The U.S. company specializes in developing and manufacturing effect pigments utilized in various applications, ranging from automotive coatings and printing inks to plastics, protective coatings and packaged consumer goods.
Strategic Acquisition for Value-creating Growth
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The acquisition is further proof that we are sustainably implementing our strategy of generating value-creating growth through targeted acquisitions,” said Martin Babilas, chief executive officer, ALTANA AG.
With the move, ALTANA is strategically expanding its ECKART division and strengthening its regional presence, particularly in North America and Asia.
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The local research and production capacities of Silberline and ECKART complement each other perfectly. The merger will enhance our ability to respond flexibly to regional customer needs and further optimize our service quality,” said Dr. Christian Przybyla, president of ECKART.
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The acquisition of Silberline by ECKART creates new potential. Together, we can more intensively drive the development of sustainable product innovations, benefiting both customers and employees,” said Gary Karnish, chief executive officer of Silberline.
The completion of the transaction is still subject to customary closing conditions and both parties have agreed not to disclose the purchase price.
Checkout Special Effect Pigments from Silberline
Source: ALTANA