Breaking News

Altana invests in Landa

June 25, 2014

The specialty chemicals company will invest $135 million for a minority stake in Landa Digital Printing.

Altana, a Germany-based specialy chemicals group, and Landa Corporation, headquartered in Israel, have concluded an equity financing agreement under which Altana will invest €100 million (~US$135 million) for a minority stake in Landa Digital Printing. Both companies see the agreement not only as a financial investment, but also 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.

Altana is expected to be an active partner, drawing on print industry expertise gained from its divisions including BYK Additives & Instruments, Eckart Effect Pigments, and Actega Coatings & Sealants.

“We are extremely excited to be partnering with an industry visionary like Benny Landa. We speak the same language in terms of innovation,” says Dr. Matthias Wolfgruber, CEO, Altana AG. “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.”

“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," comments Benny Landa, chairman and CEO of Landa Corporation. “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.”

Related Equipment:

Related Technology:

blog comments powered by Disqus
  • New press debuts at Gallus Innovation Days

    New press debuts at Gallus Innovation Days

    Greg Hrinya, Associate Editor||September 26, 2016
    The Gallus Labelmaster capitalizes on expertise from parent company Heidelberg, building on the Speedmaster offset platform.

  • EskoWorld 2016 provides drupa report

    Greg Hrinya, Associate Editor||September 22, 2016
    “Digital was a very clear and striving theme across drupa, and more specifically inkjet,” said Jan de Roeck

  • Dollars and sense at Labelexpo

    Dollars and sense at Labelexpo

    Steve Katz, Editor||September 20, 2016
    Suppliers seem aware of the crowded digital press marketplace and the trepidation of the cost-concious first time buyer.