IHS Chemical Week

People & Business :: Companies

Altana Completes Acquisition of Water Ink Technologies

10:59 PM MDT | October 4, 2009 | Deepti Ramesh

Specialty chemicals group Altana (Wesel, Germany) says it has completed the previously announced acquisition of Water Ink Technologies (WIT; Lincolnton, NC), a producer of water-based and UV inks, varnishes and coatings for narrow web applications. Financial details of the deal were not disclosed. WIT had sales of $34 million in 2008. WIT will be integrated into the Actega Coatings & Sealants division of Altana, under the name of Actega WIT, Altana...

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