Germany's Elantas Merges Blue Sky Ricky Chemicals
On June 12, the German company Elentes acquired Changzhou Lanqi Ruiqi Chemical Co., Ltd. to sign the contract. Ailentas will invest approximately US$22 million in a new company in Changzhou to build an annual production capacity of 20,000 tons of SEC (THEIC; hydroxyethyl isocyanurate) and 2,000 tons of butyl titanate (TBT) projects. Changzhou Blue Sky Ricky Chemical Co., Ltd. is a raw material supplier of Eltonas Electrical Insulation Materials in Germany. In 2011, the two parties began to negotiate mergers and acquisitions. The German company Elentes extended its industrial chain in China through mergers and acquisitions. Founded in 1873, the Altaner Group of Germany is an international specialized chemical group, consisting of Altana Holding AG and BYK additives and instruments, Eka special effect pigments, Elentas Electrical Insulation and ACTECA. Coatings and sealing materials composed of four major plates. Altana was listed on the Frankfurt Stock Exchange in 1977. Listed on the New York Stock Exchange in 2002. Established in 1998, Changzhou Lantian Riqi Chemical Co., Ltd. is the world's largest Saicek producer with an annual output value of approximately RMB 230 million.
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