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People & Business :: M&A

Altana Acquires Assets in China

3:16 AM MDT | June 12, 2012 | Deepti Ramesh

Altana (Wesel, Germany) says its Elantas Electrical Insulation division has signed a purchase agreement with Changzhou Lantian Ruiqi Chemical Co. (Qianhuang, China) to acquire Changzhou Lantian Ruiqi’s tris-2-hydroxyethyl isocyanurate (theic) business. Financial details of the deal were not disclosed. Elantas, under the deal, will take over the company's production facilities at Changzhou, China, its technology and employees. The transaction is expected to be completed in the third quarter of 2012. The acquired business will be renamed Elantas Changzhou and...

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