The specialty chemicals Group Altana and Landa Corporation have concluded an equity financing agreement under which Altana will invest €100 million for a minority stake in Landa Digital Printing. Both companies see 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 develops and produces high-quality, innovative products in the specialty chemicals business.
The Altana Group has four divisions – BYK Additives & Instruments, Eckart Effect Pigments, Elantas Electrical Insulation, and Actega Coatings & Sealants. Presently, the Altana Group has 46 production facilities and more than 50 service and research laboratories worldwide with more than 5,700 people.