Siegwerk and Allinova putting pen to paper
Siegwerk has strengthened its coating business by acquiring chemicals producer Allinova.
The inks and coating specialist took over the company in the Netherlands hoping to make use of its technical competence, mainly in water-based products.
This acquisition now helps bolster Siegwerk’s portfolio of packaging coatings.
Gilles Le Moigne, business head of Circular Economy Coatings (CEC) at Siegwerk, 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.
“The acquisition will enable us to combine Allinova’s technical capabilities and expertise with our global reach and in-depth market knowledge.”
Gijs Elfrink, founder and owner of Allinova, continued: “We are delighted to have found a great partner and new shareholder for Allinova.
“Siegwerk will integrate our expertise into a significantly larger organisation, thus advancing our products in the global market.”
