"In acquiring Schmid Rhyner, we are continuing to systematically pursue the Altana strategy of generating value-creating growth through targeted acquisitions," explains Martin Babilas, CEO of Altana.
Schmid Rhyner specializes in print finishing systems. In 2018, the company generated sales of approximately EUR 50 million with around 80 employees. Founded in 1880 and headquartered in Adliswil, Switzerland, with a subsidiary in New Jersey, the company sells its products in more than 100 countries worldwide. In addition to protecting packaging with matt and gloss coatings, Schmid Rhyner products have been designed to achieve a variety of optical effects.
The company also offers products for digital printing.
"With the acquisition of Schmid Rhyner AG, we strengthen our technology competence in this area," says Thorsten Kröller, president of Altana's Actega division. "It enables us to open up new markets and application areas, especially in the fields of flexible packaging and digital printing."
Jakob Rohner, CEO of Schmid Rhyner, says, "Our team openly embraces the opportunity of becoming part of Actega. Schmid Rhyner will benefit from the broadened distribution channels for future growth."