ALTANA Buys Business Unit of Watson Standard Adhesives Co.
March 27, 2011
WESEL, Germany - The specialty chemicals Group ALTANA has acquired the can end sealants business for the metal can packaging market of U.S.-based Watson Standard Adhesives Co. (WSAC). By way of an asset deal, ALTANA primarily acquired customer relationships, products, know-how and inventories. WSAC’s can end sealants business will be integrated into the ACTEGA Coatings & Sealants division. The former WSAC can end sealant products will be produced at ACTEGA’s existing site near Philadelphia and incorporated into ACTEGA Artística business.