ALTANA has acquired Henkel’s closure materials business, which the specialty chemicals group says strengthens its range of PVC-free solutions for the packaging industry. The parties have agreed not to disclose the purchase price.
Within the ALTANA Group, the business will be integrated into the ACTEGA division and globally assigned to the Metal Packaging Solutions business line. “With the acquisition of Henkel’s closure materials business, we are continuing to systematically implement our acquisition strategy and our focus on innovative specialty chemicals,” said Martin Babilas, CEO of ALTANA AG.
Sealing compounds are used in a wide variety of packaging, such as for food and beverages. They protect the contents from external influences and help to ensure that they have a longer shelf life. ACTEGA has already marketed a series of sustainable innovations in this area. For example, researchers in Bremen developed PROVALIN®, the only PVC-free solution for metal vacuum closures to date. Consumers recognize the innovation from the blue ring on the inside of jar lids.
The acquisition essentially involves the takeover of technologies and customer relationships. “We are thus further expanding our business with sealants for the packaging industry,” explains Thorsten Kröller, head of ALTANA’s ACTEGA division. “The transaction is an ideal addition to our existing product portfolio. With it, we will be able to supply our longstanding and new customers with innovative solutions even better and more flexibly in the future.”
The brands acquired by Henkel include CELOX® and SINCERA®. The closure materials prevent oxygen ingress after beer bottles have been filled, for example, and help to ensure that mineral water closures are especially tight yet easier to open.
The post ALTANA Acquires Closure Materials Business from Henkel appeared first on American Coatings Association.
from American Coatings Association https://www.paint.org/altana-acquires-closure-materials-business-from-henkel/
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