Welcome Guest to Coatings World    Login || Register
Last Updated Saturday, October 10 2015


Published August 11, 2005
ALTANA Chemie AG has announced plans to divest its Austrian subsidiary, Rembrandtin Lack Ges.m.b.H. to EK Mittelstands-finanzierung AG, a private equity fund of Bank Austria Creditanstalt AG. Financial details were not released.
Rembrandtin, based in Vienna, is part of Altana’s coatings and sealants business unit. Specializing in industrial coatings and road marking paint, it generated sales of approximately €33 million in 2004.
By selling Rembrandtin, Altana Chemie is close to exiting the industrial coatings market. The disposal of its remaining peripheral activities in this area is expected this year, according to the company.
“The sale of Rembrandtin is a logically consistent step in the strategic realignment of Altana Coatings & Sealants, to withdraw from the area of industrial coatings and concentrate on expansion in fast-growing niches of specialty chemicals, such as chemical solutions for flexible packaging,” said Guido Forstbach, business unit manager and managing director of Altana Coatings & Sealants GmbH. “We are therefore following the strategy of being only active in areas that require high rates of innovation and a high demand for technical support.”
EK Mittelstandsfinanzierung AG will be taking over the company, including the site in Vienna and all 127 employees.

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