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 U.S. 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 Acquires Can End Sealants Business of Watson Standard Adhesives Company
Published March 21, 2011
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