Altana acquires two companies in Brazil

The German specialty chemicals group Altana has acquired two companies in Brazil. As a result, Altana’s Actega division - which produces specialty coatings, sealants, printing inks, and adhesives for the rigid and flexible packaging industry – will now have its own sites in South America's largest country. Both of the acquired companies are owner-operated and headquartered in the federal state of Sao Paulo.
 
Premiata, which operates two facilities under the name of Premiata Tintas and Premiata Especialidades Quimicas, specialises, respectively, in printing inks and coatings for the packaging industry with140 employees. Overlake is an over-print varnishes specialist with 70 employees at one site.
 
“Through these acquisitions we are systematically expanding our business in the growing Brazilian market. As both companies focus entirely on specialty chemicals and tailored customer solutions they are a perfect match for Altana,” explained Martin Babilas, member of the Management Board of Altana AG.
 
The Actega division's entire Brazilian operations will be concentrated in the new Actega do Brasil company with immediate effect. “Taking over Premiata and Overlake means we can significantly expand our portfolio of solutions particularly for the Brazilian packaging industry. I am convinced that our many years of expertise in printing inks and overprint varnishes combined with our new production facilities will swiftly make Actega the preferred supplier in Brazil,” said Dr Roland Peter, president, Actega Division.
 
In addition to the newly acquired facilities, Altana already has a production and research site in Brazil run by its Elantas division that develops and distributes insulating materials for the electrical and electronics industry.