ALTANA AG and UB FIGG invest in NORDTREAT
Summary
In ALTANA and UB FIGG, we have gained two strong partners for our sustainable business model who will help us to fully exploit the growth potential of our technology, says Aki Borgentorp, CEO of NORDTREAT. With ALTANAs BYK division, we also have an innovative partner with whom we can jointly drive the transformation towards more environmentally friendly product solutions.The parties have agreed not to disclose the investment amount.ALTANA is a global leader in true speciality chemicals. Amongst other things, BYK additives improve scratch resistance and surface gloss, the mechanical strength or flow behaviour of materials, and properties such as UV- and light stability or flame retardancy. BYK additives are also successfully used in the construction chemistry, oil and gas, and foundry industries.BYK has a global network of subsidiaries and operates production sites in Germany (Wesel, Kempen, Moosburg, Schkopau, Geretsried), the Netherlands (Deventer, Denekamp, Nijverdal), and the UK (Widnes), in the USA (Wallingford, Chester, Columbia, Earth City, Gonzales, Louisville, Pittsford), and in China (Shanghai, Tongling).The company is part of the ALTANA Group and employs a workforce of more than 2,500 people worldwide. UB FIGG currently accepts further investments from professional investors.NORDTREAT is a Finnish technology company founded in 2015, specializing in the development and production of environmentally friendly, high-performance flame retardants.