IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Heidelberger Buys U.K. Paintmaker

8:53 AM MDT | June 17, 2008 | Chemical Week Editorial Staff

Print machinery and service supplier Heidelberger Druckmaschinen (Heidelberg, Germany) says it has agreed to acquire high-performance coatings manufacturer Hi-Tech Coatings (Aylesbury, U.K), for an undisclosed sum. Hi-Tech has annual sales of €25 million ($38.7 million) and produces mostly water- and ultraviolet-based coatings for the print industry, primarily in the U.K. and Eastern Europe. Completion of the deal is pending approval from German anti-trust authorities. Meanwhile, the paint industry is facing challenges (p...

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