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Press release BoxID: 633734 (ALTANA AG)
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  • Andrea Neumann
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ALTANA Acquires Valspar's Overprint Varnishes Business

(PresseBox) (Wesel, ) The specialty chemicals group ALTANA takes over the European business for water-based and UV overprint varnishes of The Valspar (France) Corporation, S.A.S. In 2012, the business generated sales of less than €8 million, primarily in Europe. Within the ACTEGA division the business will be integrated into the Graphic Arts business line and will be managed by the company's subsidiary ACTEGA Terra.

"With this acquisition we are taking over additional know-how, technologies and customers in our rapidly expanding Graphic Arts business line," Dr. Roland Peter, President Division ACTEGA, commented on this acquisition. "In the future, we will be able to supply the markets in France, Poland, and Russia, in particular, even better with individual product solutions and strengthen our position as leading supplier of overprint varnishes in Europe." Quite recently in August, ACTEGA had acquired the specialty coatings business from Henkel.

About ACTEGA

ACTEGA develops and produces coatings and sealants, printing inks and adhesives for flexible and rigid packaging and for the graphic arts industry. These products not only lend an attractive appearance to materials such as paper, paper board, plastic and metal, but also provide clearly defined technical properties, e.g. chemical and physical resistance to the materials' surface.

The main customers for the products ACTEGA develops, manufactures and markets are in the packaging industry. ACTEGA is one of the market leaders in overprint varnishes and is the technological leader in the rapidly expanding sector of water-based sealants for flexible packaging. ACTEGA products not only ensure that the packaging will look appealing, but also help that the contents will remain fresh longer.

ACTEGA is already one of the world's leading vendors of sealants for closures and glass containers; ACTEGA is also the technological leader when it comes to water-based sealants for cans. These products are used to make seals between the contact surfaces, such as glass on metal (bottle closures) or metal on metal (can lids). They ensure that the contents and other substances such as CO2 remain inside the packaging while "locking out" all contaminants.

www.actega.com

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ALTANA AG

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 about 85% 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 plastics processors, the printing and cosmetic industries, and the electrical and electronics industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments. At present, the ALTANA Group has 46 production facilities and more than 50 service and research laboratories worldwide. Throughout the group about 5,700 people work to ensure the success of ALTANA worldwide. In 2012, ALTANA achieved sales of more than 1.7 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.

www.altana.com