Altana, a specialty chemicals group, has invested in Israel-based Velox to expand its digital printing technology portfolio.
Velox has developed an advanced digital technology for direct-to-shape packaging decoration on a range of materials at mass production speed and large series production.
The company develops and produces industrial-grade direct-to shape digital decoration solutions for the rigid container industry, including products such as tubes and cans.
Velox produces IDS 250 industrial-grade digital decorator for mass production of cylindrical containers. Its DTS-Inkjet technology is based on uniquely formulated inks and dedicated deposition architecture, which will help introduce a new approach to digital printing.
Velox has delivered the first solution to a global plastics tube manufacturer, as well as received multiple high-value orders from strategic customers in Europe and US.
The digital printing technology of Velox will intersect with multiple activities of the Altana in the areas of printing and packaging.
Velox CEO and co-founder Marian Cofler said: “With Altana, we’ve gained a strong, innovative partner for our business model who will help us to develop our digital technology further and bring it to market successfully.”
The investment of Altana is part of the corporate venturing activities of the globally active specialty chemicals firm.
The firm’s activities intend at investing in high-growth technology driven companies with materials-based transformative business models and contribute to sustainable profitable growth.
Altana management board member Dr Christoph Schlünken said: “Our investment in Velox is an expression of our strategy of working with young, highly innovative technology enterprises.
“At the same time, this commitment will significantly expand our network in the digital printing sector and strengthen our innovative capacity in this important growth market.”
Altana provides solutions for coating manufacturers, paint and plastics processors, printing and packaging industries, cosmetics sector, as well as the electrical and electronics industry.
The firm’s product portfolio is comprised of additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments.