Industry News, Ink Manufacturers News, Mergers and Acquisitions

ALTANA Acquires Water Ink Technologies

Water Ink Technologies will be integrated into the ACTEGA Coatings & Sealants division under the new name ACTEGA WIT

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ALTANA has entered into an agreement to acquire the business of the Water Ink Technologies, Inc. The company produces primarily water-based and UV inks, coatings and varnishes for narrow web applications at three sites in North Carolina. Among others, these applications are used for packaging printing and labels. In addition, Water Ink Technologies provides extensive customer service through several mixing stations in the U.S. and Canada. With consolidated sales of about $34 million (€27 mill...

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