Artek Acquires 100% Ownership of Galata Chemicals

Artek Surfin and Aterian Investment Partners are pleased to announce that they have closed on their previous announced transaction whereby Artek has acquired Aterian’s shares in Galata Chemicals. Galata Chemicals is a leading supplier of plastic additives with a comprehensive portfolio of organotin heat stabilizers, mixed metal heat stabilizers, epoxidized soybean oil, bio-based plasticizers, organotin catalysts, and polymer modifiers. Lazard Middle Market advised on the transaction.

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GALATA CHEMICALS ANNOUNCES PRICE INCREASE FOR DRAPEX EPOXIDIZED SOYBEAN OIL PLASTICIZERS

Lampertheim, Germany – Continued soybean oil cost inflation, coupled with escalating non-soy expenses, has made it necessary for Galata Chemicals to announce a price increase for the company’s full range of DRAPEX® Epoxidized Soybean Oil products sold in Europe, the Middle East, and Africa. These increases will be effective March 1st 2012, or as contracts allow.

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