Altana takes over pigment manufacturer Silberline
Altana, a specialty chemicals group, acquires the Silberline Group. The US company develops and produces effect pigments that are used in a wide range of applications - 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 of Altana AG. According to Altana, the acquisition strategically expands its Eckart division and strengthens its regional presence - particularly in North America and Asia. "The local research and production capacities of Silberline and Eckart complement each other ideally. The merger will enable us to respond even more flexibly to regional customer needs and further optimize our service quality," says Dr. Christian Przybyla, Head of the Eckart division.
Gary Karnish, CEO Silberline: "The acquisition of Silberline by Eckart creates new potential. Together we can drive forward the development of sustainable product innovations even more intensively. This will benefit customers and employees alike." Silberline is based in Tamaqua, Pennsylvania. Founded in 1945, the company employs over 450 people worldwide and generated sales of around 80 million US dollars in 2022. The transaction is still subject to customary closing conditions. The parties have agreed not to disclose the purchase price.