Altana is strengthening its range of PVC-free solutions for the packaging industry: the speciality chemicals group has acquired Henkel's closure materials business.
According to the company, the acquisition focuses on the Technology transfer and the acquisition of customer relationships. The business is organised within the Altana Group in the Actega division It will be globally assigned to the Metal Packaging Solutions business line. „With the acquisition of Henkel's closure materials business, we are consistently implementing our acquisition strategy and our focus on innovative speciality chemicals,“ explains Martin Babilas, CEO of Altana AG. The companies have agreed not to disclose the purchase price.
„We are thus further expanding our business with sealing compounds for the packaging industry. The transaction is an ideal addition to our existing product portfolio. It will enable us to provide our long-standing and new customers with even better and more flexible innovative solutions in the future.“ Thorsten Kröller, Head of the Actega division
Altana wants to expand PVC-free solutions
Sealing compounds are used in a wide variety of packaging, for example for food and drinks. They protect the contents from external influences and help to extend their shelf life. Actega has already brought a whole range of sustainable innovations to the market in this area. For example, researchers in Bremen have developed Provalin, which, according to Actega, is the only Plasticiser-free seal for metal vacuum closures. Consumers recognise the innovation by the blue ring on the inside of tin lids.
The brands acquired by Henkel include Celox and Sincera. The closure materials prevent the ingress of oxygen after the filling of beer bottles, for example, and help to ensure that mineral water closures are particularly tight and yet easier to open.
[infotext icon]The Altana Group is based in Wesel on the Lower Rhine. It has 48 production sites and 65 service and research laboratory locations worldwide[/infotext].Source: Altana
