Matthias L Wolfgruber, chief executive officer, Altana Group, said, “We are extremely excited to be partnering with an industry visionary like Benny Landa. We speak the same language in terms of innovation. 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.” 

Both companies see as a starting point for a long-term strategic partnership to bring digital printing solutions to the commercial, packaging and publishing markets. Other units of the Landa Group, including Landa Labs and Landa Ventures, are not included in the transaction.

The proceeds will be used for completing the development of Nanography, Landa’s water-based digital printing process, including engineering and production ramp-up of Landa Nanographic printing presses and building of manufacturing plants for Landa Nanoink colorants.

Benny Landa, chairman and chief executive officer, Landa Corporation, included, “We see our alliance with the Altana Group as a key milestone for our company and a strong vote of confidence in our mission to bring digital printing to mainstream commercial, packaging and publishing markets. Altana brings a wealth of relevant industry and market experience as well as worldwide manufacturing expertise, which will be of great value as we expand our presence globally.”

Altana develops and produces high-quality, innovative products in the specialty chemicals business. The Altana Group has four divisions - BYK Additives & Instruments, Eckart Effect Pigments, Elantas Electrical Insulation, and Actega Coatings & Sealants.

Presently, the Altana Group has 46 production facilities and more than 50 service and research laboratories worldwide with more than 5,700 people.

In 2013, Altana achieved sales of around 1.8 billion Euros.

Click here to download the PrintWeek India Awards 2014 entry form