Altana Expands Presence in Effect Pigments
By acquiring the Silberline Group, Altana is expanding its Eckart division and strengthening its regional presence, particularly in North America and Asia.
Photo Credit: Altana
The specialty chemicals group, Altana, has acquired the Silberline Group, a developer and manufacturer of effect pigments used in applications ranging from automotive coatings and printing inks to plastics, protective coatings and packaged consumer goods.
“The acquisition is further proof that we are sustainably implementing our strategy of generating value-creating growth through targeted acquisitions,” says Martin Babilas, CEO Altana AG. With this action, Altana is expanding its Eckart division and strengthening its regional presence, particularly in North
America and Asia.
“The local research and production capacities of Silberline and Eckart
complement each other perfectly. The merger will enhance our ability to respond flexibly to regional customer needs and further optimize our service quality,” explains Dr. Christian Przybyla, president of Eckart.
Gary Karnish, CEO of Silberline, says, “The acquisition of Silberline by Eckart creates new potential. Together, we can more intensively drive the development of sustainable product innovations, benefiting both customers and employees.”
Silberline, headquartered in Tamaqua, Pennsylvania, was founded in 1945 and currently employs over 450 people globally. In 2022, the company achieved sales of approximately $80 million.
