WOLLERAU, Switzerland/PHILADELPHIA — The U.S.-based adhesive tape specialist CCT Coating & Converting Technologies Inc. is becoming part of leading water-based specialty adhesive tapes manufacturer ATP Adhesive Systems Group, based in Switzerland. The merger reportedly strengthens the market position of both companies and allows them to offer an even wider range of tailor-made solutions to customers.
ATP Adhesive Systems Group is a pioneer and market leader in high-performance adhesive tapes, exclusively focusing on water-based technology for over 30 years. The company serves a wide range of end markets, including construction, medical, mobility, electronic applications and general industries, and offers tailor-made solutions through its in-house R&D capabilities. ATP has production sites in Germany and the UK and a headquarters and development center in Switzerland.
CCT Coating & Converting Technologies Inc. has established itself as leading solution provider in the United States, mainly to clients in the healthcare sector, with leading coating and converting capabilities of specialized adhesive tapes. CCT’s founder Robert Dempsey and CEO Rich Hipp, together with their team, will continue to run the firm’s operations from the company’s Philadelphia location.
Both firms’ mutual dedication to offering tailor-made solutions to customers coupled with ATP’s R&D and coating expertise and CCT’s long-established presence and reputation in the U.S. market make them highly complementary. The management teams of both companies expect to significantly increase their service offering, especially to U.S. customers.
“We know Rob and CCT since many years and are delighted to welcome the entire CCT team to the ATP family. We have always viewed CCT as an outstanding platform and cannot wait to start working together. We will significantly invest into CCT’s operations to provide its North American customers with the best possible product. Our acquisition of CCT again highlights ATP’s strong ambition to expand internationally and further diversify its offering,” said Daniel Heini, CEO ATP.
“I am very excited for CCT to become part of ATP – whose DNA is very similar to ours and focuses around offering the best solution to customers. Further having access to ATP’s leading adhesive technology and formulation know-how will enable us to establish CCT as one of the leading specialty adhesive tapes manufacturers in the U.S.,” said Rich Hipp, CEO CCT.