ALTANA Completes Acquisition of Water Ink Technologies

Posted on October 7, 2009 @ 02:49 pm

The specialty chemicals group ALTANA AG has today concluded the purchase of the business of Water Ink Technologies, Inc. The company mainly produces water-based and UV inks, varnishes and coatings for narrow web applications at three sites in North Carolina, USA.

With consolidated sales of around $34 million in 2008, Water Ink Technologies is one of the leading manufacturers of these products in the U.S. Within the ALTANA Group, Water Ink Technologies will be integrated into the ACTEGA Coatings & Sealants division under the name of ACTEGA WIT.