The specialty chemicals group Altana has reached an agreement with the main shareholders and the management of Von Roll Holding on the purchase of 84.3 percent of the outstanding shares at a price of CHF 0.86 per share. The company announces a public purchase offer for all shares of Von Roll Holding at the same price. Altana thus becomes the majority shareholder of the Swiss company.
Pulling the strings behind the deal are Clair AG, through which the German entrepreneurial family von Finck holds a majority stake in Von Roll, and the German Altana subsidiary Elantas. Altana’s owner is SKion, the holding company of the entrepreneur and bmw-heiress Susanne Klatten (60). the loud manager magazin researches the richest woman in the country
Although she does not manage any of her holdings operationally, she is considered an active, knowledgeable and critical member of the supervisory board at BMW and Altana.
Richest woman in the country keeps shopping
It is true that Klatten inherited the origin of her fortune from her father Herbert Quandt, who died in 1982; Since then, however, she has been able to multiply her fortune and has taken a much more active role than was usual in her family up to that point. Now she keeps shopping.
Von Roll was founded in 1823 and is one of the most traditional companies in the world Switzerland. The former iron company is now driving the energy transition. For example, the company is one of the world market leaders for electrical insulation systems used in wind turbines. In the 2022 financial year, Von Roll generated net sales of 227.7 million Swiss francs (236.2 million euros). The Swiss company is represented worldwide with 14 locations and around 1,000 employees.
“With the acquisition, Altana wants to strengthen its innovative power,” says Altana CEO Martin Babilas. The company wants to generate more growth through targeted acquisitions and push ahead with the expansion of electromobility and renewable energies.
The roots of the Altana Group go back to 1873. Today, the specialty chemicals group employs around 7,000 people worldwide. In 2022, Altana achieved sales of more than 3 billion euros. Around 7 percent of this goes into research and development every year. This makes the company one of the most innovative and fastest-growing chemical companies in the world.