ALTANA AG

Here is Coatings World’s weekly recap—the most viewed news stories on our site for the week ended Jan. 19, 2024. PPG’s plans to review strategic alternatives for its silica products business was the most read story this week, followed by ALTANA’s acquisition of Silberline and editor Kerry Pianoforte’s interview with PPG’s Amy Ericson. Sherwin-Williams' House of Kolor new technology for high-definition color shifting was the fourth most read, followed by the news that Kelly Moore is ceasing operations. Here are our top five most viewed stories from the past week: 1. PPG to Review Strategic Alternatives for Silica Products Business 2. ALTANA to Acquire Silberline, Expands Global Presence in Effect Pigments 3. Q&A: PPG's Amy Ericson on Leadership and the Protective and Marine Coatings Outlook 4. Sherwin-Williams' House of Kolor Introduces New Technology for High-Definition Color Shifting 5. Kelly-Moore Paint Company Ceases Operations Thanks for reading our Breaking News. We'll have a new list for you next Saturday. Have a great week! Dave Savastano Editor

Here is Coatings World’s weekly recap—the most viewed news stories on our site for the week ended Jan. 12, 2024. Sherwin-Williams’ 2024 Aerospace Coatings Calendar winners was the most read story this week, followed by PPG’s plans to review strategic alternatives for its silica products business. ALTANA’s acquisition of Silberline was the third most read, followed by PPG naming Peter Votruba-Drzal VP-elect, global sustainability, and Diana Kappas retiring at fourth and Heidi Petz being named CEO of Sherwin-Williams’ CEO the fifth most read this week. Here are our top five most viewed stories from the past week: 1. Sherwin-Williams Announces 2024 Aerospace Coatings Calendar Winners 2. PPG to Review Strategic Alternatives for Silica Products Business 3. ALTANA to Acquire Silberline, Expands Global Presence in Effect Pigments 4. PPG Appoints Peter Votruba-Drzal VP-Elect, Global Sustainability; Diane Kappas to Retire 5. Sherwin-Williams Board of Directors Elects Heidi Petz CEO Effective January 1, 2024 Thanks for reading our Breaking News. We'll have a new list for you next Saturday. Have a great week! Dave Savastano Editor

The specialty chemicals group ALTANA has entered into an agreement to acquire the Silberline Group. The U.S. company specializes in developing and manufacturing effect pigments utilized in various applications, ranging from automotive coatings and printing inks to plastics, protective coatings, and packaged consumer goods. “The acquisition is further proof that we are sustainably implementing our strategy of generating value-creating growth through targeted acquisitions,” said Martin Babilas, CEO ALTANA AG. With the move, ALTANA is strategically expanding its ECKART division and strengthening its regional presence, particularly in North America and Asia. “The local research and production capacities of Silberline and ECKART complement each other perfectly. The merger will enhance our ability to respond flexibly to regional customer needs and further optimize our service quality,” explained Dr. Christian Przybyla, President of ECKART. Gary Karnish, CEO of Silberline, said: “The acquisition of Silberline by ECKART creates new potential. Together, we can more intensively drive the development of sustainable product innovations, benefiting both customers and employees.” Silberline, headquartered in Tamaqua, Pennsylvania, was founded in 1945 and currently employs more than 450 people globally. In 2022, the company achieved sales of approximately $80 million. The completion of the transaction is still subject to customary closing conditions, and both parties have agreed not to disclose the purchase price. Grace Matthews served as exclusive advisor to Silberline.