PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

PaintSquare


Coatings Industry News

Main News Page


Altana Buys Henkel Coatings Unit

Wednesday, August 14, 2013

More items for Coating Materials

Comment | More

Global specialty chemicals group ALTANA is pushing deeper into the North American coatings market with the acquisition of Henkel's $15 million specialty coatings business.

Terms of the deal, announced Thursday (Aug. 8), were not disclosed.

MiraFoil
Photos: Henkel

The specialty coatings group generated about $15 million in sales in 2012.

German-based Altana called the acquisition the "next step" in its "North American growth strategy."

Packaging Products

The coatings are sold under the brand names MiraFoil and Miracure and are mainly supplied to the packaging industry in North America. The business generated sales of about $15 million in 2012.

Within the ALTANA group, the business will be integrated into ACTEGA Kelstar Inc. in the United States and into ACTEGA Terra GmbH in Germany. Both companies belong to the ACTEGA Coatings & Sealants division.

“By acquiring the specialty coatings business of Henkel, we are continuing to execute our North American growth strategy consistently and focus on innovative specialty chemicals,” said Dr. Matthias L. Wolfgruber, CEO of ALTANA AG.

UV/EB Coatings

The technologies are acquired by way of an asset deal and include effect and overprint coatings curing under ultraviolet radiation and electron beam.

MiraFoil

ALTANA said the deal would deliver "two highly innovative and sustainable product families."

“With the specialty coatings business of Henkel, we are expanding our product portfolio by two highly innovative and sustainable product families,” said Dr. Roland Peter, president of ACTEGA Coatings & Sealants. “Hence, we will be able to offer our customers even better solutions that are tailor-made to their needs.”

About the Companies

ALTANA AG is a holding company with four operating divisions: BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation and ACTEGA Coatings & Sealants.

ALTANA has 43 operational companies and 47 research and application labs worldwide. The company's product portfolio includes additives, special coatings and adhesives, pigments, sealants and compounds, resins, varnishes, and testing and measuring instruments.

Henkel brands and products

Henkel is the parent company of many popular adhesive, personal care and cleaning brands.

German-based Henkel operates consumer and industrial businesses worldwide in the adhesives, beauty care, and laundry and home care industries. Its brands include Dial, Purex, Right Guard and Loctite.

   

Tagged categories: Acquisitions; Adhesive; Altana; Business matters; Henkel Corp; Specialty Coatings; UV coatings

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
Jotun Paints Inc.
 
Jotachar JF750 - The Time Saving Solution
 
The only mesh free solution for jet fire scenarios. Jotachar saves installation time and material costs - the next generation of epoxy passive fire protection.
 

 
Strategic Materials Inc.
 
www.truabrasives.com
 
TruAbrasives™, a clean crushed glass abrasive superior to other abrasives for performance, health, and environmental benefits.
 

 
Sherwin-Williams
 
Sherwin-Williams Oil & Gas App
 
Our coatings and linings expertise available 24/7, allowing you to explore the best Sherwin-Williams solutions for oil refineries, shale drilling sites, and offshore. Android users
click here. Download today!
 

 
Carboline Company
 
Fireproofing Solutions
 
Pyroclad® X1 Thermo-Lag® Pyrocrete® – protecting against hydrocarbon and jet fires, explosions, and cryogenic spills.
 

 
PPG Protective and Marine Coatings Group
 
We Protect and Beautify the World
 
PPG is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.
 

 
Fischer Technology Inc.
 
NEW Protective Coating Inspection Website
 
Click Here!
 

 
Tnemec Company, Inc.
 
Online Coating Courses from Tnemec
 
For decades, Tnemec has offered its expertise to clients presenting face-to-face coatings courses. Now, these presentations are available to anyone for CEUs at Tnemec University.
 

 
Advanced Recycling Systems
 
Recycler Rentals
 
Abrasive Recycling Systems, Dust Collectors, Vacuum Units, and Lift Platforms. Quality Sales, Service, Parts & Rentals!
ARS Recycling Systems - Phone 330.536.8210
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us