WESEL, Germany (Nov. 13, 2009)—Elantas Electrical Insulation has expanded its position in electronic and engineering materials by buying the formulated products business of Quadrant Chemical Corp.
The Quadrant business makes polyurethane and epoxy and systems for casting, potting and encapsulating. Elantas said it acquired the assets from its Indian parent company, Shimo Resins Private Ltd.
Elantas said the Quadrant business posts annual sales of about $3 million and operates in regional markets in India and South Asia.