Altana acquires aluminum effect pigments Silberline
Chemical

Altana acquires aluminum effect pigments Silberline

Strengthening of Altana’s ECKART division with the addition of new research and production facilities

  • By ICN Bureau | January 15, 2024

Specialty chemicals group Altana has entered into an agreement to acquire the Silberline Group. The US 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.

“The acquisition is further proof that we are sustainably implementing our strategy of generating value-creating growth through targeted acquisitions,” says Martin Babilas, CEO, Altana. With the move, ALTANA is strategically expanding its ECKART division and strengthening its regional presence, particularly in North America and Asia.

“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,” explains Dr. Christian Przybyla, President of ECKART.

Gary Karnish, CEO of Silberline, said: “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.”

The completion of the transaction is still subject to customary closing conditions, and both parties have agreed not to disclose the purchase price. Grace Matthews served as exclusive advisor to Silberline.


Register Now to Attend AVEVA Industry 4.0 & Digitalization in Chemicals on Wednesday, 13th March 2024, Hotel Hyatt Place, Bharuch, Gujarat

Other Related stories

Startups

Petrochemical

Energy

Digitization