Issue Date: July 20, 2009
Altana Will Buy U.S. Ink Maker
German specialty chemical company Altana has agreed to acquire Water Ink Technologies, a North Carolina-based maker of water-based and ultraviolet printing inks and coatings, for an undisclosed sum. Water Ink had sales of about $34 million last year and employs almost 150 people. Guido Forstbach, president of Altana's coatings and sealants division, says the purchase expands Altana's presence in inks for narrow-web printing.
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