WESEL, Germany--The specialty chemicals group ALTANA has acquired the specialty coatings business of Henkel. Products are sold under the brand names MiraFoil and Miracure and are mainly supplied to the packaging industry in North America. The business generated sales of around $15 million in 2012.
Within the ALTANA group the business will be integrated into ACTEGA Kelstar Inc. in the U.S. and into ACTEGA Terra GmbH in Germany, both belonging to the ACTEGA Coatings & Sealants division. “By acquiring the specialty coatings business of Henke,l we are continuing to execute our North American growth strategy consistently and focus on innovative specialty chemicals,” CEO of ALTANA AG, Dr. Matthias L. Wolfgruber, said.
“With the specialty coatings business of Henkel we are expanding our product portfolio by two highly innovative and sustainable product families,” Dr. Roland Peter, president, ACTEGA Coatings & Sealants added. “Hence, we will be able to offer our customers even better solutions that are tailor-made to their needs.”