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WESEL, GERMANY: ALTANA has acquired the can end sealants business for the metal can packaging market of US based Watson Standard Adhesives Company. 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 of ALTANA. The former WSAC can end sealant products will be produced at ACTEGA’s existing site near Philadelphia and incorporated into ACTEGA Artística business.
“With the acquisition of the can end sealants business of Watson Standard Adhesives Company, we will further enhance our market position in the US and strengthen our business in the area of can end sealants for metal packaging,” said Dr Guido Forstbach, President Division ACTEGA, ALTANA.
(C) WOC News
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