Germany-based specialty chemicals Group, ALTANA has signed an agreement to acquire the Color Chemie Group, which produces environment-friendly, water-based specialty printing inks.
ALTANA said post acquisition, Color Chemie will be integrated into its ACTEGA Coatings & Sealants division and the acquisition will further strengthen the company’s market position in the area of specialty printing inks for the packaging industry.
"Color Chemie’s range of products therefore optimally complements our existing activities in the area of packaging printing. At the same time, due to the division’s global presence, ACTEGA opens up further growth opportunities for the products of Color Chemie," the company said.
Color Chemie’s printing inks are primarily used for packaging boxes, but also on foils, carrier bags, gift wrapping papers and wallpapers.
The group achieved sales of €46m in 2010.