Welcome Guest to Coatings World    Login || Register
Last Updated Thursday, October 8 2015

Artek to Acquire 100% Ownership in Galata Chemicals

Published February 12, 2014
Artek Surfin and Aterian Investment Partners, currently joint owners of Galata
Chemicals, have reached a definitive agreement whereby Artek Surfin
will acquire Aterian's shares in Galata Chemicals. The transaction is
expected to close in March. The company will continue to operate as it
does today with the current organization in place.

"Over the past four years, Aterian and Artek have successfully
partnered with the Galata Chemicals organization to build a leader in
PVC Additives with a global footprint and an expanded portfolio of
innovative products," said Steven McKeown, President and COO of Galata
Chemicals. "We are thankful for Aterian's significant contribution to
the turnaround and growth of Galata Chemicals and look forward to
continue to partner with Artek as we enter the next phase of our growth

Michael Fieldstone, partner at Aterian, added "It has been a pleasure
to partner with Artek and the dedicated and talented Galata management
team in the Company's successful reinvigoration and new product
development efforts. We are thrilled by the outcome and look forward to
watching Artek and the Company in its continued success."

"We are extremely excited about the growth opportunities Galata's
business has and are committed to growing this business, including the
addition of manufacturing assets in Asia," said Vishal Goenka. "To get
to where Galata is today would not have been possible without a great
partner in Aterian and the enthusiasm of TEAM GALATA."

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
Follow Coatings World On