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Altana announces acquisition of two companies in Brazil

| By Mary Bailey

The specialty chemicals group Altana AG (Wesel, Germany; www.altana.com) has acquired two companies in Brazil. As a result, the company’s Actega division now has its own sites in South America’s largest country. Both of the acquired companies are owner-operated and headquartered in the federal state of São Paulo. Premiata, which operates two facilities under the name of Premiata Tintas and Premiata Especialidades Químicas, specializes in printing inks and coatings for the packaging industry. Overlake is an overprint varnishes specialist with 70 employees at one site.

“Through these acquisitions we are systematically expanding our business in the growing Brazilian market,” explains Martin Babilas, member of the management board of Altana AG. “As both companies focus entirely on specialty chemicals and tailored customer solutions, they are a perfect match for Altana.”

In addition to the newly acquired facilities, Altana already has a production and research site in Brazil run by its Elantas division that develops and distributes insulating materials for the electrical and electronics industry.