ALTANA to Acquire Aquaprint
March 23, 2010
WESEL, Germany - The specialty chemicals group ALTANA has signed an agreement to acquire the business of Aquaprint GmbH. The company, which is based in Oyten, Lower Saxony, Germany, primarily produces coatings for in-mold labels and other labels, as well as waterborne overprint varnishes for use on paper, cardboard and foils. By way of an asset deal, ALTANA has acquired Aquaprint’s customers and know-how, as well as its machinery, plants and inventories. Within the ALTANA group, Aquaprint will be incorporated into the ACTEGA Coatings & Sealants division, where it will be fully integrated into ACTEGA Terra GmbH, Lehrte, Germany.
“Bolt-on acquisitions like Aquaprint make an important contribution to further consolidate the position of ALTANA in attractive and fast-growing niche markets,” said Matthias Wolfgruber, CEO of ALTANA AG. He pointed out that the field of packaging with its strong end-user orientation and high resistance to crises is an important market of the future for ALTANA to further optimize the company’s product portfolio.