Altana acquires printing ink manufacturer Color Chemie

Altana acquires printing ink manufacturer Color Chemie

2:29 PM, 17th June 2011
Altana acquires printing ink manufacturer Color Chemie
Dr Matthias L Wolfgruber, CEO, Altana.


WESEL, GERMANY: Altana will acquire the Color Chemie Group, which is headquartered in Büdingen, Hesse, Germany, mainly producing environmentally friendly, water-based specialty printing inks and offers related services. In addition to Büdingen, the company has production sites in Bonn, Germany, as well as in Austria, France and Poland. Color Chemie will be integrated into the Altana division ACTEGA Coatings & Sealants. The transaction is subject to approval by Germany’s Federal Cartel Office.

“Like Altana, Color Chemie focuses on products and services in technologically demanding niche markets and therefore fits excellently into our portfolio,“ stated Dr Matthias L Wolfgruber, CEO, Altana. Wolfgruber regards the acquisition as a large and important element in the context of Altana’s acquisition policy.

The acquisition will strengthen Altana’s market position in the area of specialty printing inks for the packaging industry. With the ever increasing environmental protection requirements, water-based products had a high market potential, informed Altana.

© WOC News





Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

AMRI signs agreement with an Australian firm Parnell

  ALBANY, US: AMRI announced it has signed a development and long term exclusive commercial supply agreement with Parnell Manufacturing Pty ...

Read more
SK Capital Partners recapitalizes Calabrian Corporation

NEW YORK, US: SK Capital Partners announced that it has partnered with Charles Cogliandro, Chief Executive Officer to recapitalize Houston-based Cal ...

Read more
Asahi Kasei launches new mid-term management initiative

The Asahi Kasei Group has launched a new mid-term strategic management initiative, “For Tomorrow 2015,” for the five-year period from fi ...

Read more
Momentive, Zhejiang Xinan joint venture to expand capacity in China

ALBANY, US/JIANDE, CHINA: Momentive Performance Materials Inc and Zhejiang Xinan Chemical Industrial Group announced their joint venture company, Zh ...

Read more
Merck KGaA profit jumps with sales hikes

Total revenues increase 22 per cent to € 2.6 billion Group free cash flow totaled € 645 million 2011 guidance on Group operating result ...

Read more
ICL acquires food ingredients firm in Mexico

  ST LOUIS, US: ICL Performance Products, an operating segment of Israel Chemicals, has signed an agreement to acquire Cosmocel Quimica S.A. de ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X