The specialty chemicals
group ALTANA is taking over
the Swiss overprint varnish
specialist Schmid Rhyner AG,
thereby strategically
expanding its ACTEGA
division.
Martin Babilas, CEO of
ALTANA AG says “In acquiring
Schmid Rhyner, we are
continuing to systematically
pursue the ALTANA strategy
of generating
value-creating
growth through
targeted
acquisitions”.
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 Kröller,
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.”
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