The acquisition of Silberline will allow ALTANA to expand the production capabilities of its Eckart division in the chemicals and coatings markets across North-America and Asia.
ALTANA AG has recently signed an agreement to acquire Silberline Group, an American company specialised in the development and production of effect pigments employed in automotive and protective coatings – thus adding new research and manufacturing facilities in North America and Asia.
“The acquisition is further proof that we are sustainably implementing our strategy of generating value-creating growth through targeted acquisitions. With the move, ALTANA is strategically expanding its ECKART division and strengthening its regional presence, particularly in North America and Asia,” has stated Martin Babilas, CEO of ALTANA AG.
“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,” has added Gary Karnish, CEO of Silberline.