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.
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