Sector News

Altana acquires Solvay`s US-based formulated resins business

January 4, 2017
Chemical Value Chain

Specialty chemicals company Altana (Wesel, Germany) has acquired Solvay’s formulated resins business for an undisclosed amount.

The products, sold primarily under the Conap brand, generated 2015 sales of about $20 million. The deal is expected to close in the first half of 2017, subject to customary closing conditions including antitrust approvals.

Altana, through the acquisition, gains a research and production facility at Olean, New York. Altana plans to integrate the acquired business with Altana’s Elantas PDG subsidiary, based at St. Louis, Missouri, which forms part of Altana’s Elantas electrical insulation division. “By acquiring the formulated resins business of Solvay, we are strengthening our position as a technology leader and expanding our business in North America,” says Altana CEO Martin Babilas.

Conap products are used in electronics, electrical, and specialty adhesive applications. The business formed part of Solvay’s technology solutions business unit, which includes the mining solutions, phosphorus specialties, and additive technologies business lines. “This transaction enables technology solutions to further extend our leadership position in our core polymer additives business,” says Michael Radossich, president/technology solutions at Solvay.

Separately, Solvay is engaged in a program to divest commodity assets, to focus the company’s portfolio on specialty chemicals and resins. Solvay has in the past month completed the sale of the Indupa chlorvinyls business in South America and confirmed deals to sell its Vinythai chlorvinyls business in Thailand and its cellulose acetate tow business.

By Ian Young

Source: Chemical Week

comments closed

Related News

February 4, 2023

Eastman acquires performance films company Ai-Red Technology

Chemical Value Chain

Eastman Chemical Co. (Kingsport, Tenn.) announced it has acquired Ai-Red Technology (Dalian) Co., Ltd., a manufacturer and supplier of paint protection and window film for auto and architectural markets in the Asia Pacific region.

February 4, 2023

BASF and StePac partner on chemical recycling MAP packs to fight food waste

Chemical Value Chain

BASF and Israeli packager StePac have joined forces to create the “next generation” of fresh produce packaging. BASF will provide StePac with greater flexibility to advance contact-sensitive packaging formats to a higher sustainability standard by supplying StePac with Ultramid Ccycled – a chemically recycled polyamide 6.

February 4, 2023

TotalEnergies and Intraplás partner on food-grade renewable biopolymer production

Chemical Value Chain

TotalEnergies’ biorefinery in La Mède, France, allows direct access to renewable feedstock for its drop-in RE:newable polymer range derived from bio-based products. The company claims these polymers retain virgin-like properties.

How can we help you?

We're easy to reach