Issue Date: December 3, 2012
Germany’s Altana Halts Chinese Deal
The specialty chemical maker Altana has canceled the acquisition of a plant from a Chinese chemical company. Elantas, Altana’s electric insulation division, had announced in June that it would buy a Changzhou Lantian Ruiqi Chemical facility that makes tris-2-hydroxyethyl-isocyanurate, a key wire enamel ingredient. Altana says it encountered delays in obtaining regulatory clearance to expand the Chinese plant. The German company adds that it will keep Lantian Ruiqi as a supplier.
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