Artek Surfin to acquire 100 pc stake in Galata Chemicals

11:59 AM, 11th February 2014

SOUTHBURY, US: Artek Surfin, Indian specialty chemicals maker, and Aterian Investment Partners, currently joint owners of Galata Chemicals, have reached a definitive agreement whereby Artek Surfin will acquire Aterian’s shares in Galata Chemicals. The transaction is expected to close in March 2014. The company will continue to operate as it does today with the current organization in place.

“Over the past four years, Aterian and Artek have successfully partnered with the Galata Chemicals organization to build a leader in PVC Additives with a global footprint and an expanded portfolio of innovative products. We are thankful for Aterian’s significant contribution to the turnaround and growth of Galata Chemicals and look forward to continue to partner with Artek as we enter the next phase of our growth strategy,” said Steven McKeown, President and COO, Galata Chemicals.

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