ALTANA Acquires Water Ink Technologies
July 20, 2009
WESEL, Germany - The specialty chemicals Group ALTANA has entered into an agreement to acquire the business of the North American company Water Ink Technologies. The company produces primarily water-based and UV inks, coatings and varnishes for narrow web applications. Among others, these applications are used for packaging printing and labels. In addition, Water Ink Technologies provides extensive customer service through several mixing stations in the United States and Canada.
Water Ink Technologies will be integrated into the ACTEGA Coatings & Sealants division under the new name ACTEGA WIT. The existing Water Ink Technologies management team, under the leadership of Michael C. and Patrick S. Hague, will continue to run the operations also under the roof of ALTANA.