OK
The Universal Selection Source:
Coatings Ingredients
Industry News

ALTANA Completes Acquisition of Water Ink Technologies

Published on 2009-10-08. Author : SpecialChem

WESEL -- The specialty chemicals group ALTANA AG has concluded the purchase of the business of Water Ink Technologies, Inc. The company mainly produces water-based and UV inks, varnishes and coatings for narrow web applications at three sites in North Carolina / USA. With consolidated sales of around $34 million in 2008, Water Ink Technologies is one of the leading manufacturers of these products in the U.S. Within the ALTANA Group, Water Ink Technologies will be integrated into the ACTEGA Coatings & Sealants division under the name of ACTEGA WIT.

About ALTANA:

ALTANA develops and produces high-quality innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine "global player" with 83% of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.

ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.

At present, the ALTANA Group has 33 production facilities and 46 service and research laboratories worldwide. Throughout the group 4,600 people work to ensure the success of ALTANA worldwide. In 2008 ALTANA achieved sales of about 1.3 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.

Forward-looking Statements

This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.

Source: ALTANA


FEICA 2018 European Adhesive and Sealant Conference and EXPO
Channel Alerts

Receive weekly digests on hot topics

Back to Top