Industry News

Atlanta Takes Over Solvay’s Formulated Resins Business

Atlanta AG completes the acquisition of formulated resins business of Solvay S.A. 

Germany: Atlanta AG, a well-established manufacturer of specialty chemicals with headquarters in Germany, completed the acquisition of formulated resins business of Belgium based chemical company, Solvay S.A. As per the terms of the agreement, Atlanta has acquired the US based R&D and production facility of Solvay, including its 53 employees. In 2015, Solvay generated revenue of approximately USD20 million from its resins business, whose products are sold under the brand name Conap. As per Mr. Martin Babilas, CEO of Atlanta AG, the acquisition of formulated resins business of Solvay would help strengthen Atlanta’s position in technology domain and expand its business across North America.

TechSci Research depicts that this acquisition will be beneficial to the flourishing electronics manufacturing industry across North America. Further, it will cater to the growing demand for formulated resins in innovative packaging and construction industry across the globe. Consequently, growing demand for formulated resins is expected to drive the demand for masterbatches at global level.

According to the recently published report by TechSci Research, Global Masterbatch Market By Type (White, Black, Color and Additive), By End User (Packaging, Construction, Automotive, etc.), By Region, Competition Forecast & Opportunities, 2011 - 2021”, global masterbatch market size is estimated to cross US$ 16 billion in 2016. Segment-wise, white masterbatch dominated the overall market in 2015, and this trend is anticipated to continue through 2021. White masterbatch demand is growing due to their ability to provide opacity as well as base color to plastics used extensively in milk pouches, milk bottles, plastic bags, food material packaging and pharmaceutical packaging. In 2015, Asia-Pacific region dominated the global masterbatch market on account of growing demand for innovative and attractively packaged food items, increasing investments in the region and easy availability of low-cost labor. Few of the major companies operating in the global masterbatch market include Clariant, A. Schulan, Cabot, and PolyOne, among others.

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