(PresseBox) (Wesel (D)/Collecchio (I), )ELANTAS Electrical Insulation, a division of the specialty chemicals Group ALTANA AG, has acquired the casting resins business for electrical and electronic applications of the Italian Marbo Group. The casting resins business of Marbo includes products for the encapsulation or coating of electronic components with insulation materials (compounds). ELANTAS mainly takes over Marbo's customers and know-how. The production will be incorporated into ELANTAS Italia's facilities in Collecchio.
"With the acquisition of Marbo's casting resins business we expand our electronics and engineering materials business line. Following similar acquisitions, the present acquisition consistently enhances this business area and strengthens the locations of ELANTAS in Italy. We will offer our new customers a smooth transition of the casting resins products as well as further innovative solutions in the area of electrical insulation," stated Dr. Wolfgang Schütt, President Division ELANTAS Electrical Insulation.
This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.