ALTANA Chemie closed the acquisition of the ECKART group
ALTANA AG announced that the ALTANA Chemie AG completed the acquisition of the ECKART group as of October 1, 2005. The acquisition had been announced in August 2005. The responsible antitrust authorities have approved the acquisition. Within the framework of the transaction, ALTANA Chemie acquired the entire business of the global leading manufacturer of metallic effect pigments for applications in paints and printing inks, plastics and cosmetics as well as technical applications for a gross purchase price of EUR630 million ("cash and debt free" basis).
ALTANA Chemie retains all of ECKART's sites and employees. ECKART's name and corporate identity will be maintained; the company will become ALTANA Chemie's fourth division, "Effect Pigments". This new division will be managed by Dr. Christoph Schlünken, the new head of the Management Board of the ECKART group.
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.