Specialty chemicals group Altana has acquired US-based NuLabel Technologies’ technology portfolio and its research and development platform for an undisclosed amount.
The acquisition comprises technologies for additive manufacturing of sustainable decoration solutions and re-sealable packaging.
NuLabel Technologies president Benjamin Lux said: “We are very pleased to have found a new owner in Altana who is in a position to integrate our innovation pipeline into its core business and to bring it to market readiness.”
The acquired technology, which allows companies to make unique packaging design using lower quantities of consumable materials, will be integrated into Altana’s Actega North America division.
Actega specialises in the development and production of coatings and sealants, printing inks and adhesives for graphic and packaging industry.
Lux added: “We know that our innovation team and our technology solutions are in the best of hands with Actega, a company that has long-standing experience as a leader of new and sustainable technologies for the packaging industry.”
With this acquisition, Altana also takes over an interdisciplinary team of researchers.
Actega North America president and CEO Mark Westwell said: “NuLabel’s innovation team, intellectual property, and projects are an ideal addition to our growing portfolio.
“They have the potential to provide new growth opportunities to our customers in the packaging industry, and, at the same time, to make an important contribution to sustainability.”
Located in Rhode Island, US, NuLabel Technologies was established in 2009 to address the challenge of creating an environmentally responsible labelling solution.
Comprising a team of polymer chemists, chemical engineers and technicians, the company focused on the development of activatable chemistries for the packaging industry.