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Ciba to Buy Photoinitiator Business

11:21 AM MDT | September 22, 2008 | Chemical Week Editorial Staff

Ciba Specialty Chemicals says it has agreed to buy the photoinitiator business of Lamberti Group (Gallarate, Italy) for an undisclosed sum. The business has annual sales of approximately €20 million ($28.4 million). Ciba says the deal will strengthen its offerings in ultraviolet (UV)-curing products for coatings, inks, adhesives, and electronics, and expand its range of photoinitiators for use in food packaging applications. “Lamberti offers complementary technologies, particularly in food packaging, and it shares Ciba’s commitment to...

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