Russian version 'in the pipeline'
Specialty chemicals group Altana has acquired a technology portfolio and research development platform from NuLabel Technologies.
NuLabel Technologies was founded in 2009 in response to the challenge of creating an environmentally responsible labeling option. Since then, its team of polymer chemists, chemical engineers, researchers and technicians have been involved in the development of activatable chemistries for the packaging industry. NuLabel’s activatable technologies are built on its fluid-activated platform, which is pre-applied to label papers and completely dry to the touch. The dry coating is then activated by a water-based, glue-free spray that is applied using precision hardware built by NuLabel’s global OEM partners. Altana noted that the acquisition also includes novel technology for resealable packaging.
The acquired technologies will be integrated into Altana’s Actega North America division, where they are to be developed to market maturity. Altana also takes over an interdisciplinary team of researchers. Altana claimed its environmentally friendly technologies allow for unique packaging designs that us lower quantities of consumable materials.
Mark Westwell, president and CEO of Actega North America, commented: ‘NuLabel’s innovation team, intellectual property, and projects are an ideal addition to our growing portfolio. They have the potential to provide new growth opportunities to our customers in the packaging industry, and, at the same time, to make an important contribution to sustainability.’
‘We are very pleased to have found a new owner in Altana who is in a position to integrate our innovation pipeline into its core business and to bring it to market readiness,’ said Benjamin Lux, president of NuLabel Technologies. ‘We know that our innovation team and our technology solutions are in the best of hands with Actega, a company that has long-standing experience as a leader of new and sustainable technologies for the packaging industry.’
Lux will join the Actega North America team and industry veteran Harold Schofield will continue leading NuLabel as interim CEO.