The specialty chemicals group ALTANA has taken over the European business for water-based and UV overprint varnishes of The Valspar (France) Corporation, S.A.S. In 2012, the business generated sales of less than €8 million, primarily in Europe. Within the ACTEGA division the business will be integrated into the Graphic Arts business line and will be managed by the company's subsidiary ACTEGA Terra.
"With this acquisition we are taking over additional know-how, technologies and customers in our rapidly expanding Graphic Arts business line," Roland Peter, President Division ACTEGA, commented on this acquisition. "In the future, we will be able to supply the markets in France, Poland, and Russia, in particular, even better with individual product solutions and strengthen our position as one of the leading suppliers of overprint varnishes in Europe."
ACTEGA recently acquired the specialty coatings business from Henkel.