ALTANA Group acquires Paul N. Gardner Company
The specialty chemicals group ALTANA has acquired the operating assets of the Paul N. Gardner Company Inc. of Pompano Beach, Florida, U.S.A. The acquired business will be integrated into the Instruments Business Line of the BYK Division (BYK-Gardner) of the ALTANA Group but will continue to operate as Paul N. Gardner.
The Paul N. Gardner Company, as well as BYK-Gardner, have a common origin in the Henry A. Gardner Laboratory, founded in 1935 in Bethesda, Maryland, U.S.A. Both companies are worldwide leaders in the production and sale of physical testing instrumentation and supplies for the paints, coatings, and related markets. These devices effectively assess the quality of color and gloss as well as the physical properties of coated surfaces.
“I can’t think of a better business combination for our customers than ALTANA,” said Paul N. Gardner Jr., President and CEO of Paul N. Gardner Company Inc. (Gardco). “I’m confident that this is the best avenue for our customers as well as our employees to take Gardco and BYK to the next level of growth.”
“We are extremely fortunate and happy to be able to utilize the combined strengths of BYK Instruments and Paul N. Gardner Co. Inc. to continue to provide new and innovative solutions and increased value to our combined customer base,” said BYK Instruments CEO Frank Wagner.
Terms of the sale were not disclosed.
BYK is one of the world’s leading suppliers in the field of additives and measuring instruments. The coatings, inks and plastics industries are among the main consumers of BYK additives. Other industries BYK services include oil and gas, care products, adhesives and sealants, and construction chemistry.
As a globally operating specialty chemicals company, BYK has production sites in Germany (Wesel, Kempen, Moosburg, Schkopau and Geretsried), in the Netherlands (Deventer, Njiverdal and Denekamp), in Great Britain (Widnes), in the U.S.A. (Wallingford, Chester, Gonzales, Louisville and Earth City) and in China (Tongling).
Today the company employs more than 2,300 people worldwide and forms part of the ALTANA Group.