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Altana Closes Wolstenholme Deal

1:26 PM MDT | September 11, 2007 | Chemical Week Editorial Staff

Altana says it has completed the previously announced €24-million ($33 million) acquisition of Wolstenholme Group’s (Darwen, U.K.) effect pigments business (CW, June 27, p. 5). The acquisition agreement was signed in June. The Wolstenholme effect pigments business generated 2006 sales of about €29 million. Altana says it will not take over Wolstenholme’s production plants. Instead, Altana says it will increase production capacity at its main plant at Güntersthal, Germany at a cost of about €10...

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