The specialty chemicals group Altana has signed a contract to acquire the business of Chemical Corporation of America (ChemCor), a U.S. manufacturer of specialty wax additives. The family business headquartered in Chester in the state of New York generates yearly sales of around $17 million.

By way of an asset deal, Altana will acquire the production site in Chester, NY together with the staff employed there. The business will be integrated into BYK USA, which is based in Wallingford, Connecticut and belongs to the Altana Additives & Instruments division.

ChemCor produces water-based wax products and specialty additives for a wide range of industries including floor finishes, exterior paint and deck stains, graphic arts coatings and inks as well as mold release products.