ALTANA Acquires Water Ink Technologies

The specialty chemicals Group, ALTANA has entered into an agreement to acquire the business of the Water Ink Technologies.

Within the ALTANA Group, Water Ink Technologies will be integrated into the ACTEGA Coatings & Sealants division, under the new name – ACTEGA WIT. The existing Water Ink Technologies management team, under the leadership of Michael C. and Patrick Hague, will continue to run the operations also under the roof of ALTANA.

Matthias Wolfgruber, CEO of ALTANA, said: The acquisition of Water Ink Technologies underlines that even and especially in difficult economic times we are fully committed to continue our growth course through suitable acquisitions and to further create value for the company.

The company fulfills our strict acquisition criteria in an exemplary way; it is not only an excellent strategic match, but will also further enhance our profitability, he added.

Guido Forstbach, president of Coatings & Sealants division at ALTANA, said: For ACTEGA, the acquisition of Water Ink Technologies means a sustained strengthening and the expansion of our market position in the specialty segment of narrow web printing with water-based as well as UV-curing coatings and inks.The acquisition is therefore not only positive for ACTEGA, but also opens opportunities for further development of other divisions.