Altana acquires overprint varnish specialist Schmid Rhyner

‘In acquiring Schmid Rhyner, we are continuing to systematically pursue the Altana strategy of generating value-creating growth through targeted acquisitions,’ said Martin Babilas, CEO of Altana. 

Schmid Rhyner specializes in print finishing systems. 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 matt and gloss coatings, Schmid Rhyner products achieve a variety of optical effects. The company also develops products for digital printing. 

‘With the acquisition of Schmid Rhyner AG, we strengthen our technology competence in this area,’ said 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, said: ‘Our team openly embraces the opportunity of becoming part of Actega. Schmid Rhyner will benefit from the broadened distribution channels for future growth.’

Actega is a division of the international specialty chemicals group Altana and develops and produces coatings and sealants, printing inks and adhesives for flexible and rigid packaging and for the graphic arts industry.