Global specialty chemicals group ALTANA is pushing deeper into the North American coatings market with the acquisition of Henkel’s $15 million specialty coatings business.
Terms of the deal, announced Thursday (Aug. 8), were not disclosed.
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| Photos: Henkel |
| The specialty coatings group generated about $15 million in sales in 2012. |
German-based Altana called the acquisition the “next step” in its “North American growth strategy.”
Packaging Products
The coatings are sold under the brand names MiraFoil and Miracure and are mainly supplied to the packaging industry in North America. The business generated sales of about $15 million in 2012.
Within the ALTANA group, the business will be integrated into ACTEGA Kelstar Inc. in the United States and into ACTEGA Terra GmbH in Germany. Both companies belong to the ACTEGA Coatings & Sealants division.
“By acquiring the specialty coatings business of Henkel, we are continuing to execute our North American growth strategy consistently and focus on innovative specialty chemicals,” said Dr. Matthias L. Wolfgruber, CEO of ALTANA AG.
UV/EB Coatings
The technologies are acquired by way of an asset deal and include effect and overprint coatings curing under ultraviolet radiation and electron beam.
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| ALTANA said the deal would deliver “two highly innovative and sustainable product families.” |
“With the specialty coatings business of Henkel, we are expanding our product portfolio by two highly innovative and sustainable product families,” said Dr. Roland Peter, president of ACTEGA Coatings & Sealants. “Hence, we will be able to offer our customers even better solutions that are tailor-made to their needs.”
About the Companies
ALTANA AG is a holding company with four operating divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation and ACTEGA Coatings & Sealants.
ALTANA has 43 operational companies and 47 research and application labs worldwide. The company’s product portfolio includes additives, special coatings and adhesives, pigments, sealants and compounds, resins, varnishes, and testing and measuring instruments.
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| Henkel is the parent company of many popular adhesive, personal care and cleaning brands. |
German-based Henkel operates consumer and industrial businesses worldwide in the adhesives, beauty care, and laundry and home care industries. Its brands include Dial, Purex, Right Guard and Loctite.