ALTANA Expands Its Additive Business with Acquisition of Addcomp
WESEL, Germany – Specialty chemicals group ALTANA has acquired the Dutch enterprise Addcomp Holland BV, a developer and manufacturer of polymer additive solutions. Addcomp will be integrated into the Plastic Additives business line of ALTANA’s largest division, BYK Additives & Instruments.
“In acquiring Addcomp, we are continuing to systematically pursue the ALTANA strategy of generating value-creating growth through targeted acquisitions,” said Dr. Christoph Schlünken, Member of the ALTANA Management Board.
Additives from Addcomp enhance functional performance of nearly every type of thermoplastic material for various applications like automotive, construction, packaging, etc. “The acquisition is an ideal fit for BYK. The combination of BYK’s chemical and product expertise together with Addcomp’s unique process technology will enable us to develop and manufacture new and differentiating additives for the thermoplastic market,” said Dr. Stephan Glander, President of BYK Additives & Instruments. “Through this acquisition, we are systematically expanding our product portfolio and our application spectrum in the field of plastic additives.”
The acquisition adds a broad range of additive solutions with different functionalities, such as antifogging, improved processing, flame retardancy, heat stabilization and UV stabilization, to BYK’s portfolio. Addcomp is a leader in applying masterbatch technology to achieve superb dispersion, to simplify handling of such difficult additives as liquids and viscous materials, and to provide the highest additive concentrations. The company, headquartered in Nijverdal, the Netherlands, employs 45 persons and operates production facilities and sales offices in Nijverdal and in Rochester Hills, MI.