Altana buys US can sealants business
The can end sealants business of US based Watson Standard has been bought by German specialty chemicals group Altana.
By way of an asset deal, Watson Standard Adhesives Company (WSAC) will have its customers, products, know how and inventories integrated into the Actega coatings and sealants division.
The can end sealant products will be produced at Actega’s existing site near Philadelphia and incorporated into Actega’s Artística business.
“With the acquisition of the can end sealants business of Watson Standard Adhesives Company, we will further enhance our market position in the US and strengthen our business in the area of can end sealants for metal packaging,” says Dr Guido Forstbach, president division Actega. “In cooperation with other Actega companies, we will continue to provide WSAC’s can end sealant customers not only these well established products but also further innovative solutions and comprehensive technical service.“