ELANTAS Electrical Insulation

February 15, 2010

ELANTAS PDG, Inc. Acquires Formulated Products Business from Quadrant Chemical Corporation

.St. Louis, MO, February 15, 2010. ELANTAS PDG, Inc. (EPDG) recently strengthened its strategic position within the “Electronic & Engineering Materials (E&EM) market segment with their acquisition of certain assets of the Formulated Products Business of Quadrant Chemical Corporation. The Formulated Products Business of Quadrant Chemical supplies OEM companies in the automotive, aerospace, electrical/electronics, and transportation markets around the globe with emphasis on the NAFTA and European markets.

“We are excited about our acquisition of Quadrant’s Formulated Product Business,” said Dr. Susan W. Graham, President and CEO of ELANTAS PDG, Inc. “We plan to leverage the Quadrant reputation with our 90 year heritage of innovation to grow our E&EM business as a whole. The Formulated Business Products Business of Quadrant broadens our overall product offering with our other great product brands, like Epoxylite®, ELAN-Cast® and ELAN-Tron®.”

Electronic & Engineering Materials (E&EM) are used in applications that embed or encapsulate electronical components, such as complete circuits or circuit boards, with insulating resins to protect them from all kinds of environmental influences.

 

About ELANTAS PDG:

ELANTAS PDG, Inc., (formerly The P.D. George Company) founded in 1919 and based in St. Louis, Missouri, is a premier global supplier of specialty resins for applications in the electrical and electronic industries and is a pioneer in the development of Primary and Secondary Insulation as well as Electronic & Engineering Material technologies. ELANTAS PDG has been at their current location in North St. Louis since 1934. In 1996, The P.D. George Company was acquired by ALTANA AG, a specialty chemicals company headquartered in Wesel, Germany, and became part of the ALTANA Electrical Insulation Division. In May 2007, the division was renamed to ELANTAS Electrical Insulation and the St. Louis site became known as ELANTAS PDG, Inc.

About ELANTAS:

ELANTAS Electrical Insulation produces insulating materials for the electrical and electronics industry. They are found in electric motors, household appliances, cars, generators, transformers, capacitors, wind mills, computers, lamps, circuit boards and sensors, and help to ensure that design engineers can construct ever-smaller and more powerful electronic devices, thus saving materials and energy. Owing to consistent research and development, continual development of insulating materials and processes, and the fact that ELANTAS has production facilities around the world, the company has established a leading international position for itself and is the world's leading manufacturer of wire enamels and impregnating resins. This makes the division the preferred supplier for the electrical insulation industry and the main supplier to large international customers.

The division serves the markets through three business lines: "Primary Insulation" supplies the enameled wire industry; "Secondary Insulation" supplies applications in which the enameled wire winding is insulated and stabilized mechanically, and "Electronic & Engineering Materials" mainly supplies applications that embed or completely encapsulate electrical components. The division, which is managed by a holding company headquartered in Wesel/Germany, has nine independent manufacturing companies in all major regions worldwide. In 2009, ELANTAS employed a total workforce of 886 people and achieved sales of €273 million.