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Materials

Altana Will Buy U.S. Ink Maker

by Michael McCoy
July 20, 2009 | A version of this story appeared in Volume 87, Issue 29

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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