Wesel, March 21, 2011
ALTANA acquires can end sealants business of Watson Standard Adhesives Company
The specialty chemicals Group ALTANA has acquired the can end sealants business for the metal can packaging market of U.S. based “Watson Standard Adhesives Company” (WSAC). By way of an asset deal, ALTANA primarily acquired customer relationships, products, know-how and inventories. WSAC’s can end sealants business will be integrated into the ACTEGA Coatings & Sealants division. The former WSAC can end sealant products will be produced at ACTEGA’s existing site near Philadelphia and incorporated into ACTEGA Artística business.
“With the acquisition of the can end sealants business of Watson Standard Adhesives Company, we will further enhance our market position in the United States and strengthen our business in the area of can end sealants for metal packaging,” stated Dr. Guido Forstbach, President Division ACTEGA. “In cooperation with other ACTEGA companies, we will continue to provide WSAC’s can end sealant customers not only these well established products but also further innovative solutions and comprehensive technical service.“
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 84% 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 manufactures, paint and plastic processors, the printing and cosmetic industries, and the electrical and electronic industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins & varnishes, and testing and measuring instruments.
At present, the ALTANA Group has 36 production facilities and 47 service and research laboratories worldwide. Throughout the group 5,000 people work to ensure the success of ALTANA worldwide. In 2009 ALTANA achieved sales of about 1.2 billion euro. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.