Business News

ALTANA completes acquisition of Water Ink Technologies

Tuesday 06. October 2009 - The specialty chemicals group ALTANA AG has today concluded the purchase of the business of Water Ink Technologies, Inc. The company mainly produces water-based and UV inks, varnishes and coatings for narrow web applications at three sites in North Carolina / USA.

With consolidated sales of around $34 million in 2008, Water Ink Technologies is one of the leading manufacturers of these products in the U.S. Within the ALTANA Group, Water Ink Technologies will be integrated into the ACTEGA Coatings & Sealants division under the name of ACTEGA WIT.


This press release contains forward-looking statements, i.e. current estimates or expectations of future events or future results. These statements are based on beliefs of ALTANA as well as assumptions made by and information currently available to ALTANA. Forward-looking statements speak only as of the date they are made. ALTANA does not intend, and does not assume any obligation, to update forward-looking statements to reflect facts, circumstances or events that have occurred or changed after such statements have been made.