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Business

Altana Snaps Up Clariant Wax Unit

by Patricia L. Short
December 1, 2008 | APPEARED IN VOLUME 86, ISSUE 48

German specialty chemicals producer Altana will buy the bulk of Clariant's industrial wax additives business for roughly $22 million. The business, known as Dick Peters, is located in the Netherlands and had 2007 sales of about $30 million. Altana's BYK Additives division is buying operations that accounted for about 80% of that total. Altana will take over the Dutch production site, as well as its staff of about 35 employees.

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