Wesel / São Paulo, December 22, 2014
ALTANA expands its business in Brazil through acquisitions
- ACTEGA acquires two companies in the overprint varnish and printing ink industry in São Paulo state
- Takeover of three production facilities and 210 employees
- Consolidation of businesses in the new ACTEGA do Brasil
The specialty chemicals Group ALTANA has acquired two companies in Brazil. As a result, the ACTEGA division now has its own sites in South America's largest country. Both of the acquired companies are owner-operated and headquartered in the federal state of São Paulo. Premiata, which operates two facilities under the name of Premiata Tintas and Premiata Especialidades Químicas, specializes, respectively, in printing inks and coatings for the packaging industry with140 employees. Overlake is an overprint varnishes specialist with 70 employees at one site. "Through these acquisitions we are systematically expanding our business in the growing Brazilian market," explains Martin Babilas, Member of the Management Board of ALTANA AG. "As both companies focus entirely on specialty chemicals and tailored customer solutions they are a perfect match for ALTANA."
The ACTEGA division's entire Brazilian operations will be concentrated in the new ACTEGA do Brasil company with immediate effect. "Taking over Premiata and Overlake means we can significantly expand our portfolio of solutions particularly for the Brazilian packaging industry," summarizes Dr. Roland Peter, ACTEGA Division President. "I'm convinced that our many years of expertise in printing inks and overprint varnishes combined with our new production facilities will swiftly make ACTEGA the preferred supplier in Brazil."
In addition to the newly acquired facilities, ALTANA already has a production and research site in Brazil run by its ELANTAS division that develops and distributes insulating materials for the electrical and electronics industry.
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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% 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 46 production facilities and more than 50 service and research laboratories worldwide. Throughout the Group more than 5,700 people work to ensure the success of ALTANA worldwide. In 2013, ALTANA achieved sales of about 1.8 billion euros. Its impressive earning power and high growth rate make ALTANA one of the most successful and innovative chemical groups worldwide.
ACTEGA develops and produces coatings and sealants, printing inks and adhesives for flexible and rigid packaging and for the graphic arts industry. These products not only lend an attractive appearance to materials such as paper, paper board, plastic and metal, but also provide clearly defined technical properties, e.g. chemical and physical resistance to the materials' surface. The main customers for the products ACTEGA develops, manufactures and markets are in the packaging industry. ACTEGA is one of the market leaders in overprint varnishes and is the technological leader in the rapidly expanding sector of water-based sealants for flexible packaging. ACTEGA products not only ensure that the packaging will look appealing, but also help that the contents will remain fresh longer.
ACTEGA is already one of the world’s leading vendors of sealants for closures and glass containers; ACTEGA is also the technological leader when it comes to water-based sealants for cans. These products are used to make seals between the contact surfaces, such as glass on metal (bottle closures) or metal on metal (can lids). They ensure that the contents and other substances such as CO2 remain inside the packaging while “locking out” all contaminants.