ALTANA Acquires Closure Materials Business from Henkel
WESEL, Germany — ALTANA has acquired Henkel's closure materials business. As a result, the specialty chemicals group is strengthening its range of PVC-free solutions for the packaging industry in particular. Within the ALTANA Group, the business will be integrated into the ACTEGA division and globally assigned to the Metal Packaging Solutions business line. The parties have agreed not to disclose the purchase price.
"With the acquisition of Henkel's closure materials business, we are continuing to systematically implement our acquisition strategy and our focus on innovative specialty chemicals," said Martin Babilas, the CEO of ALTANA AG.