Rad-Cure generated sales of approximately $10 million in 2005. Altana Chemie will take over the market specialist for label applications, including all employees and the production equipment. Details of the sales price have not been disclosed.
"The acquisition of Rad-Cure is an additional step to further strengthen the Divisions footprint in the packaging coatings area," Dr. Guido Forstbach, president Division Coatings & Sealants said. "Rad-Cure allows us to enrich our UV and adhesives product portfolio in the U.S. market with well recognized technology."