Altana Acquires Solvay’s Formulated Resins Business
June 2, 2017
Altana completes its acquisition of Formulated Resins Business from Solvay, which includes a production and research facility in New York.
The specialty chemicals group Altana completes the acquisition of the Formulated Resins business of Belgian chemical group Solvay. The products are primarily sold under the Conap and Conathane brand names. With the acquisition, Altana takes over a research and production facility in Olean, New York with 53 employees. The business will be integrated into Elantas PDG, Inc., based in St. Louis, Missouri and will belong to the Elantas Electrical Insulation division of Altana. Conap and Conathane products are used in electronics, electrical and specialty adhesive applications.
