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Markets :: Specialty Chemicals :: Plastic additives

Artek Surfin completes Galata Chemicals buyout

3:58 PM MDT | April 30, 2014 | Vincent Valk

Indian specialty chemicals maker Artek Surfin (Mumbai) announced today that it has completed its acquisition of 100% of Galata Chemicals, the former PVC additives business of Chemtura, for an undisclosed sum. Artek Surfin had previously owned a 50% stake in Galata, with the remainder owned by private equity firm Aterian Investment Partners (New York). Artek Surfin and Aterian bought the business from Chemtura in April 2010 for $37...

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