Readers last week were most interested in an acquisition announcement from ALTANA (ALTANA Acquires Henkel’s Closure Materials Business): “ALTANA recently announced that it has acquired Henkel’s closure materials business. As a result, the specialty chemicals group reports that it is strengthening its range of PVC-free solutions for the packaging industry. Within the ALTANA Group, the business will be integrated into the ACTEGA division and globally assigned to the Metal Packaging Solutions business line. The parties have agreed not to disclose the purchase price.
“With the acquisition of Henkel’s closure materials business, we are continuing to systematically implement our acquisition strategy and our focus on innovative specialty chemicals,” said Martin Babilas, CEO of ALTANA AG.
The acquisition essentially involves the takeover of technologies and customer relationships. “We are thus further expanding our business with sealants for the packaging industry,” said Thorsten Kröller, head of ALTANA’s ACTEGA division. “The transaction is an ideal addition to our existing product portfolio. With it, we will be able to supply our longstanding and new customers with innovative solutions even better and more flexibly in the future.”
If you’re finding it difficult to keep up with all of the latest merger and acquisition activity, you’re not alone. Subscribe to our weekly eNewsletter, ASI eNews, and we’ll send the news directly to you!
Top 5 News that Sticks for May 23-29
- ALTANA Acquires Henkel’s Closure Materials Business
- H.B. Fuller Achieves Food Safety System Certification in Germany #1 last week
- Bostik to Acquire Edge Adhesives Texas #5 last week
- APPLIED Adhesives Acquires Adhezion
- Spencer Silver, Co-Inventor of 3M Post-it Notes, Dies at 80
This weekly roundup highlights the adhesives, sealants, and coatings-related news stories that garnered the most attention during the previous week on our website, as well as our eNewsletters and social media platforms.
