Dutch firm joins Ciba fold
Ciba Specialty Chemicals of Basel says it has acquired the EFKA Additives company in the Netherlands, one of the world's leading providers of additives for the coatings and inks industries.
The transaction is subject to the usual regulatory approvals and no financial details have been released.
Commenting on the move, the Ciba’s chief executive and chairman, Armin Meyer said it was part of Ciba’s ongoing strategy to focus on profitable growth and innovation.
“It will further strengthen our position as a leading supplier to the coatings industry,” he said.
“The acquisition will, with EFKA’s high value added products for the fast-growing industrial coatings market and its excellent standard of service, support our strategy to be the partner of choice for all customers in the value chain and to achieve high growth rates,” he added.
EFKA Additives produces dispersants, levelling agents and defoamers. With headquarters and production facilities in Heerenveen, the company employs 100 employees around the world and has customers in more than 80 countries.
swissinfo with agencies
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.