Siegwerk Druckfarben, a supplier of printing inks and coatings for packaging applications, has signed an agreement to acquire Allinova, a speciality chemicals company, to strengthen its packaging coating portfolio and reinforce its global growth strategy.
Siegwerk Circular Economy Coatings (CEC) business head Gilles Le Moigne said: “Allinova’s solutions fit perfectly into our product portfolio and accelerate our mission to provide innovative and sustainable coating solutions for the global packaging market.
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“The acquisition will enable us to combine Allinova’s technical capabilities and expertise with our global reach and in-depth market knowledge.”
Allinova, based in Hengelo, the Netherlands, has expertise in formulating water-based dispersions, wax emulsions, and adhesives.
This addition to Siegwerk’s offerings is poised to extend the company’s reach beyond converters to paper mills and film manufacturing operations, delivering advanced, application-specific solutions.
Allinova founder and owner Gijs Elfrink said: “Siegwerk will integrate our expertise into a significantly larger organisation, thus advancing our products in the global market.”
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By GlobalDataIn April 2024, Siegwerk established a new global business unit for functional coatings, aiming to realise sustainable packaging innovations in alignment with the circular economy.
The CEC unit serves as a hub for circular solutions, complementing the company’s conventional coating offerings.
The acquisition of Allinova follows Siegwerk’s strategic investments, including the 2022 purchase of La Sorgente, a key ink supplier for flexographic printing in Italy.
Siegwerk CEO Nicolas Wiedmann said: “By acquiring Allinova, Siegwerk is doubling down on our global expertise in the area of functional coatings and therefore strengthening our position to serve our customers even better as an enabler of circular packaging solutions across all applications and technologies.”
Both Siegwerk and Allinova have agreed to keep the move’s financial details confidential.
Following the acquisition, Allinova’s Elfrink and co-owner Bob Horsthuis will remain with the company.
