• Acquisition of technologies and customer relationships
• Integration into ACTEGA division
• In particular, expansion of PVC-free solutions
ALTANA has acquired Henkel's closure materials
business. As a result, the specialty chemicals group is strengthening its range of
PVC-free solutions for the packaging industry in particular. Within the ALTANA
Group, the business will be integrated into the ACTEGA division and globally
assigned to the Metal Packaging Solutions business line. “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,” says
Martin Babilas, the 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,” explains 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.”
Sealing compounds are used in a wide variety of packaging, such as for food and
beverages. They protect the contents from external influences and help to ensure
that they have a longer shelf life. ACTEGA has already marketed a series of
sustainable innovations in this area. For example, researchers in Bremen
developed PROVALIN®, the only PVC-free solution for metal vacuum closures to
date. Consumers recognize the innovation from the blue ring on the inside of jar
lids.
The brands acquired by Henkel include CELOX® and SINCERA®. The closure
materials prevent oxygen ingress after beer bottles have been filled, for example,
and help to ensure that mineral water closures are especially tight yet easier to
open.
The parties have agreed not to disclose the purchase price.