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The specialty chemicals group Altana has acquired the formulated resins business of Belgian chemical group Solvay. This business, which sells the products primarily under the Conap brand name, generated sales of approximately $ 20 million in 2015.
With the acquisition, Altana takes over a research and production facility from Solvay with 53 employees in Olean (New York, USA). Within the Altana Group, the business will be integrated into Elantas PDG Inc based in St. Louis (Missouri, USA) belonging to the Elantas Electrical Insulation division. “By acquiring the formulated resins business of Solvay we are strengthening our position as a technology leader
