Siegwerk Druckfarben has acquired Allinova, a specialty chemicals company, to enhance its packaging coating portfolio and global growth strategy. Allinova’s expertise in water-based dispersions and wax emulsions will expand Siegwerk’s offerings to paper mills and film manufacturing operations, providing innovative and sustainable solutions for the packaging market.

The acquisition aligns with Siegwerk’s focus on sustainable packaging innovations through its Circular Economy Coatings (CEC) business unit. Allinova’s integration will strengthen Siegwerk’s position as a provider of circular packaging solutions across various technologies and applications, enhancing customer service and market presence.

Siegwerk’s strategic investments, including the recent purchase of La Sorgente in 2022, demonstrate its commitment to expanding its functional coatings expertise. By acquiring Allinova, Siegwerk aims to consolidate its global leadership in functional coatings, enabling the company to offer comprehensive solutions for circular packaging needs worldwide.

Financial details of the acquisition between Siegwerk and Allinova remain confidential. Allinova’s founders, Gijs Elfrink and Bob Horsthuis, will continue to be part of the company post-acquisition, ensuring continuity and expertise retention in the packaging coatings business.

Read more at Yahoo Finance: Siegwerk acquires Allinova to bolster packaging coatings business