Specialty chemicals group Altana has expanded into the packaging sector with its acquisition of Landa Corporation.
Under the equity financing agreement, Altana will invest u100m (US$135m) for a minority stake in Landa Digital Printing. Both companies see the agreement not only as a financial investment, but also as a starting point for a long term strategic partnership to bring digital printing solutions to the commercial, packaging and publishing markets.
The funds will be used for completing the development of Nanography, Landa’s water based digital printing process, illustrated above.
“I am confident that we are investing in a game-changing technology that can enable the printing industry to thrive in the 21st century and help our customers position themselves well for the future,” said Dr Matthias L Wolfgruber, CEO of Altana.