Germany: Print Finishing and Digital Printing Acquisition of Schmid Rhyner by Altana Completed
The specialty chemicals group Altana has completed the acquisition of the overprint varnish specialist Schmid Rhyner.
Wesel/Germany — Already in December 2019 Altana announced plans to acquire Schmid Rhyner. The company was previously part of the Swiss Conzzeta Group and specializes in solutions for print finishing and digital printing. Its integration into the Actega business unit is intended to further expand this unit strategically.
Schmid Rhyner was founded in 1880. Headquartered in Adliswil, Switzerland, and with a subsidiary in New Jersey (USA), the company has almost 80 employees and sells its products in over 100 countries worldwide. In 2018, the company achieved sales of approximately $ 56 million.