ELANTAS Electrical Insulation

Wesel, February 1, 2006

ALTANA Chemie Strengthens its Packaging Coatings Area

• Acquisition of Rad-Cure improves market access in North America
• Bolt-on acquisition in the Division Coatings & Sealants

 

ALTANA AG (NYSE: AAA, FSE: ALT) has announced today that ALTANA Chemie AG signed an agreement on January 31, 2006, to acquire the U.S.-American Rad-Cure Corporation. Rad-Cure is a specialist in the field of overprint UV curable coatings and adhesives for the paper and board packaging sector. The completion of the transaction is planned for the first quarter 2006. With this acquisition in the packaging materials area, ALTANA Chemie will further strengthen its market presence in North America after the recent acquisition of Kelstar, and has taken another step for the consolidation of its Division Coatings & Sealants.

Rad-Cure, headquartered in Fairfield, New Jersey, generated sales of approximately US$10 million in 2005. ALTANA Chemie will take over the market specialist for label applications, including all employees and the production equipment. Details of the sales price have not been disclosed.

"The acquisition of Rad-Cure is an additional step to further strengthen the Divisions footprint in the packaging coatings area," Dr. Guido Forstbach, President Division Coatings & Sealants comments. "Rad-Cure allows us to enrich our UV and adhesives product portfolio in the U.S. market with well recognized technology. The business is – like all ALTANA Chemie businesses – strongly innovation and service oriented and fits perfectly into the overall strategy."

"With this acquisition we are strengthening the Division Coatings & Sealants in North America with a complementary market access and thereby continue to enhance our global position," Dr. Matthias L. Wolfgruber, Member of the Management Board of ALTANA AG and President & CEO of ALTANA Chemie AG, explains. "The acquisition of Rad-Cure gives us access to new customer sectors in the label printing market which is a valuable asset to our ,graphic arts’ operation within ALTANA Coatings & Sealants."

ALTANA Chemie develops and produces high-quality, innovative products in the specialty chemicals business. The chemicals activities of the ALTANA Group as a globally active group of companies are consolidated in ALTANA Chemie AG. ALTANA Chemie AG with its headquarters in Wesel, Germany, is the holding company for the divisions Additives & Instruments, Effect Pigments, Electrical Insulation and Coatings & Sealants. ALTANA Chemie provides innovative and environmentally compatible solutions, along with the appropriate special products, for coatings manufacturers, paint and plastics processors, the packaging and the electronics industry. The range of products includes additives, special coatings, effect pigments, sealants, compounds, impregnating resins, and testing and measuring equipment. In its target markets the company occupies a leading position in terms of quality, product solutions, innovation and service. In 2005 ALTANA Chemie achieved sales of €907m. Sectorally, with an EBITDA of above 18%, ALTANA Chemie is among the most innovative, fast-developing and profitable chemical corporations in the world.

Forward-looking statements are only valid on the day they are made. ALTANA Chemie does not intend nor accept any obligation to project forward-looking statements or adapt them to future events or developments.