11. ALTANA AG
46483 Wesel, Germany
Tel: +49 281 670-8
Fax: +49 281 670-10999
Sales:$225 million in ink and coatings sales (Ink World estimate); $2.03 billion (€1.535 billion) (consolidated).
Major Products: Metallic inks and pigments; UV and water-based inks and coatings.
Key Personnel: Dr. Matthias L. Wolfgruber, CEO; Martin Babilas, CFO.
Number of Employees: 4,937.
Comments: Headquartered in Wesel, Germany, ALTANA AG has built an impressive array of industry-leading companies operating within four divisions under its corporate umbrella. These companies include BYK Additives & Instruments, ECKART Effect Pigments, ELANTAS Electrical Insulation and ACTEGA Coatings & Sealants.
In 2010, ALTANA AG posted sales of more than €1.535 billion, a huge gain of 30% over 2009.
On the printing ink and coatings side, ALTANA AG has acquired numerous niche ink companies in recent year, none more prominent than ECKART, the leading metallic ink and pigment manufacturer. Sales of ECKART Effect Pigments rose from €282.3 million to €356.6 million in 2010, an increase of 26%.
ACTEGA Coatings & Sealants is home to quite a few ink and coatings companies in its Business Line Graphic Arts, including ACTEGA WIT, the former Water Ink Technologies, a leader in water-based inks for the narrow web market in the U.S., which itself was merged with ACTEGA Radcure in 20911. ACTEGA Terra GmbH and ACTEGA Kelstar produce UV and water-based coatings for graphic arts for Europe and North America, respectively. Sales for ACTEGA Coatings & Sealants grew by 26% from €206.8 million to €260.2 million in 2010.
In May 2011, ALTANA AG signed an agreement to acquire Color Chemie, Büdingen, Hesse, Germany. Color Chemie specializes in water-based inks, and had sales of €46 million in 2010. Color Chemie has plants in Germany, Austria, France and Poland. Once the acquisition is approved by authorities, Color Chemie will be integrated into the ALTANA division ACTEGA Coatings & Sealants.
“Like ALTANA, Color Chemie focuses on products and services in technologically demanding niche markets and therefore fits excellently into our portfolio,” said Dr. Matthias L. Wolfgruber, CEO of ALTANA, at the time of the announcement. “We want to continue our profitable growth. Besides our operating business, targeted acquisitions will make a decisive contribution to this growth course.”
“The acquisition of Color Chemie will further strengthen our market position in the area of specialty printing inks for the packaging industry,” added Dr. Guido Forstbach, president Division ACTEGA. “Color Chemie’s range of products therefore optimally complements our existing activities in the area of packaging printing. At the same time, due to the division’s global presence, ACTEGA opens up further growth opportunities for the products of Color Chemie.”