German specialty chemicals company Altana has acquired Schmid Rhyner AG, a Swiss overprint varnish company, said the company.
Schmid Rhyner specializes in print finishing solutions. In 2018, it generated sales of roughly EUR 50 million with around 80 employees. Founded in 1880 and headquartered in Adliswil, Switzerland, with a subsidiary in New Jersey, USA, the company sells its products in over 100 countries worldwide. In addition to protecting packaging with high-quality matt and gloss coatings, Schmid Rhyner products achieve a variety of optical effects. The company also develops innovative solutions for digital printing.
"With the acquisition of Schmid Rhyner AG, we strengthen our technology competence in this area,” says Thorsten Kroller, President of ALTANA's ACTEGA division. “It enables us to open up new markets and application areas, especially in the fields of flexible packaging and digital printing."
Jakob Rohner, CEO of Schmid Rhyner AG: “Our team openly embraces the opportunity of becoming part of ACTEGA. Schmid Rhyner will benefit from the broadened distribution channels for future growth."
Altana will integrate Schmid Rhyner into its ACTEGA business, which produces coatings and sealants, printing inks and adhesives for flexible and rigid packaging and for the graphic arts industry.
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Altana is a global leader in true specialty chemicals. The Group offers innovative, environmentally compatible solutions for coating manufacturers, paint and plastics processors, the printing and packaging industries, the cosmetics sector and the electrical and electronics industry. The product range includes additives, special coatings and adhesives, effect pigments, sealants and compounds, impregnating resins and varnishes, and testing and measuring instruments.