ELANTAS strengthens its activities in technologies of the future
Two acquisitions in India and the U.S.
ELANTAS Electrical Insulation further expands its position in the market segment “Electronic & Engineering Materials”. ELANTAS, a division of the specialty chemicals Group ALTANA, announced, that it had made two acquisitions in this market segment. In the future, ELANTAS is going to strongly focus its research activities in this area, which offers an excellent growth potential due to the increasing electronization and automation of all areas of life. “Electronic & Engineering Materials” refer to applications that embed or encapsulate electrical components, such as complete circuits or circuit boards, with insulating resins to protect them from all kinds of environmental influences.
In September 2009, ELANTAS acquired the business of Epoxy and Polyurethane Systems for Casting, Potting & Encapsulating from the Indian company “Shimo Resins Private Limited.“ This company achieved in 2008 sales of about €2.0 million and has been active in regional markets of India & South Asia. A few days ago, ELANTAS acquired certain assets of the Formulated Products business of “Quadrant Chemical Corp.”, an American business. The acquired business posted sales of U.S. $4.7 million in 2008. The Formulated Products business of Quadrant Chemical supplies OEM companies in the automotive, aerospace, electrical / electronics, and transportation markets around the globe with emphasis on the NAFTA and European markets.
“Through these acquisitions, which we will integrate into our existing activities by way of asset deals, we are expanding our strategic positioning“, stated Dr. Wolfgang Schütt, President Division ELANTAS. “Alongside our traditional business lines Primary and Secondary Insulation, we will increasingly turn our attention to the market segment Electronic & Engineering Materials, since this segment still holds a significant growth potential. In this respect, the two acquisitions make an important contribution; they improve our global market position and will be smoothly integrated into our existing activities."
Other news from the department business & finance
