ALTANA Acquires Specialty Coatings Business from Henkel
WESEL, GERMANY—August 8, 2013—The specialty chemicals group ALTANA has acquired the specialty coatings business of Henkel. The products 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 around $15 million USD in 2012. Within the ALTANA group the business will be integrated into ACTEGA Kelstar in the United States and into ACTEGA Terra GmbH in Germany, both belonging 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 CEO of ALTANA AG, Dr. Matthias L. Wolfgruber.
The technologies are acquired by way of an asset deal and include effect and overprint coatings curing under ultraviolet radiation and electron beam. MiraFoil coatings are recognized as an environmentally responsible alternative to foil board laminating and hot foil stamping while being equally brilliant to foil. They can be applied to precise areas, hence, reducing waste and shortening lead times. Miracure coatings provide a range of matte, gloss, satin and silicone coatings for conventional printing processes creating high-quality visual appearance, such as glow-in-the-dark or dimensional texture.
“With the specialty coatings business of Henkel, we are expanding our product portfolio by two highly innovative and sustainable product families,” noted Dr. Roland Peter, president Division ACTEGA Coatings and Sealants. “Hence, we will be able to offer our customers even better solutions that are tailor-made to their needs.”
ALTANA develops and produces high-quality, innovative products in the specialty chemicals business. The ALTANA Group, with headquarters in Wesel/Germany, is a genuine “global player” with about 85 percent of its sales generated by international activities. The ALTANA Group has four divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation, and ACTEGA Coatings & Sealants. All of these divisions occupy a leading position in their target markets with respect to quality, product solution expertise, innovation and service.
ALTANA offers innovative, environmentally compatible solutions with the matching specialty products for coating manufacturers, paint and plastics processors, the printing and cosmetic industries, and the electrical and electronics industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments. At present, the ALTANA Group has 42 production facilities and more than 50 service and research laboratories worldwide. Throughout the Group about 5,360 people work to ensure the success of ALTANA worldwide. In 2012, ALTANA achieved sales of more than 1.7 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.