The specialty chemicals group Altana has completed the acquisition of the overprint varnish specialist Schmid Rhyner AG, which was previously part of the Swiss Conzzeta Group.
Schmid Rhyner will be integrated into Altana's Actega division, which will thus be strategically expanded. The acquisition was first announced on December 20, 2019.
‘With the acquisition of Schmid Rhyner, 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. We are pleased to welcome our new colleagues. Together, we want to offer our customers an even broader and more custom-fit solution and product portfolio in the packaging and printing sector in the future.’
Schmid Rhyner, headquartered at Adliswil, Switzerland, was founded in 1880 and operates a subsidiary in New Jersey (USA). The company has almost 80 employees and sells its products in over 100 countries worldwide. In 2018, the company achieved sales of approximately €50 million. Schmid Rhyner specializes in solutions for print finishing and digital printing. In addition to protecting packaging, the products also achieve a variety of optical effects.