Germany-based specialty chemicals group ALTANA acquired the specialty coatings business of Henkel, Canada. The products are sold under the MiraFoil and Miracure brand names and are mainly supplied to the North American packaging industry.
Henkel will be integrated into ACTEGA Kelstar Inc. in the United States and ACTEGA Terra GmbH in Germany, both belonging 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,” says Dr. Matthias L. Wolfgruber, chief executive officer of ALTANA AG.
The technologies are acquired by way of an asset deal and include effect and overprint coatings curing under ultraviolet radiation and electron beam. MiraFoil coatings are an environmentally-responsible alternative to foil board laminating and hot foil stamping and can be applied to precise areas, hence, reducing waste and shortening lead times. Miracure coatings provide a range of matte, gloss, satin and silicone coatings for conventional printing processes, creating high-quality visual appearance, such as glow-in-the-dark or dimensional texture.
“With the specialty coatings business of Henkel, we are expanding our product portfolio by two highly innovative and sustainable product families,” says Dr. Roland Peter, president division ACTEGA Coatings & Sealants. “Hence, we will be able to offer our customers even better solutions that are tailor-made to their needs.”