ECKART Effect Pigments, a division of ALTANA AG, has signed an agreement to acquire the production of Metalure pigments from Avery Dennison. ECKART has been the worldwide distributor of these high-quality PVD-Type aluminum pigments manufactured by Avery Dennison for more than 20 years. ECKART will now acquire the production located at the premises of Avery Dennison in Schererville, IN, the technology and approximately 40 employees.
The new production unit will be managed by ECKART America as the third U.S.-based ECKART site. Avery Dennison plans to continue its other operations at the Schererville premises. No details have been released concerning the purchase price. The transaction is subject to approval by Germany’s Federal Cartel Office.
ECKART utilizes Metalure pigments in the coatings, graphic arts and cosmetics business lines. Dr. Christoph Schlünken, president Division ECKART Effect Pigments, said, “With this purchase, we are underscoring our focus on high-quality metallic pigments and our strength in innovation. The takeover of Metalure production from Avery Dennison assures our customers of the routinely high quality they are used to from ECKART.”