ALTANA acquires overprint varnish specialist Schmid Rhyner AG

ALTANA AG is taking over Swiss overprint varnish specialist Schmid Rhyner AG, strategically expanding its ACTEGA division. Schmid Rhyner generated sales of roughly EUR 50 million in 2018 with around 80 employees. The acquisition includes production, R&D in Switzerland and a subsidiary in the U.S.

“In acquiring Schmid Rhyner, we are continuing to systematically pursue the ALTANA strategy of generating value-creating growth through targeted acquisitions.”altana.com

• 4 sources
• altana.comALTANA Acquires Overprint Varnish Specialist Schmid Rhyner AG - ALTANA AGALTANA AGDec 20, 2019
• lincolninternational.comConzzeta has sold Schmid Rhyner to Altana - Lincoln International LLCDec 23, 2019
• adhesivesmag.comAcquisitions - Articles - Page 35 | Adhesives & Sealants IndustrySusan SuttonDec 26, 2019
• pcimag.comAcquisitions - Articles - Page 17 | PCI MagazineJan 17, 2020

Summarized from public sources; check the original articles before acting on it.