# ALTANA acquires Solvay's formulated resins business

ALTANA acquired the Formulated Resins business of Solvay, including a production and research facility in Olean, New York. The business will be integrated into ALTANA's ELANTAS division.

- Type: Acquisition
- Announced: 2017-01-04
- Where: Olean, New York, United States
- Value: $20.0M
- Jobs: 53
- Status: completed
- Products: formulated resins, Conap brand products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Solvay](https://endata.com/companies/1830.md) (partner)
- [Solvay](https://endata.com/companies/1830.md) (target)
- [ALTANA](https://endata.com/companies/2187.md) (acquirer)
- [ELANTAS PDG Inc.](https://endata.com/companies/21243.md) (partner)
- [PolyAd Services](https://endata.com/companies/21859.md) (target)

## Sources

- [altana.com](https://www.altana.com/press-news/details/altana-acquires-formulated-resins-business-from-solvay.html), 2017-01-04: "The specialty chemicals group ALTANA has acquired the Formulated Resins business of Belgian chemical group Solvay."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/solvay-sells-formulated-resins-business-to-altana-ag/), 2017-01-05: "The divestment represents a strong strategic fit for both Solvay and ELANTAS."
- [altana.com](https://www.altana.com/press-news/details/altana-further-expands-additives-business-by-acquiring-polyad-services.html), 2017-02-01: "The specialty chemicals company ALTANA has acquired the U.S. company PolyAd Services, a leading developer and manufacturer of additive solutions for the global plastics market."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.