Artek to Acquire 100% Ownership in Galata Chemicals
SOUTHBURY, CT - Artek Surfin and Aterian Investment Partners, currently joint owners of Galata Chemicals, Southbury, CT, have reached a definitive agreement whereby Artek Surfin will acquire Aterian’s shares in Galata Chemicals. The transaction is expected to close in March. The company will continue to operate as it does today with the current organization in place.
“Over the past four years, Aterian and Artek have successfully partnered with the Galata Chemicals organization to build a leader in PVC additives with a global footprint and an expanded portfolio of innovative products,” said Steven McKeown, President and COO of Galata Chemicals. “We are thankful for Aterian’s significant contribution to the turnaround and growth of Galata Chemicals and look forward to continue to partner with Artek as we enter the next phase of our growth strategy.”