The specialty chemicals group ALTANA has completed the acquisition of the overprint varnish specialist Schmid Rhyner AG, which was previously part of the Swiss Conzzeta Group. The acquisition was originally announced on December 20, 2019.

Schmid Rhyner AG will be integrated into ALTANA’s ACTEGA division, which will allow for strategic expansion.

“We are pleased to welcome our new colleagues,” says Thorsten Kröller, president of ACTEGA. “Together, we want to offer our customers an even broader and more custom-fit solution and product portfolio in the packaging and printing sector in the future.”

Schmid Rhyner was founded in 1880 and currently has headquarters in Adliswil, Switzerland, and a subsidiary in New Jersey. The company has almost 80 employees and sells its products in over 100 countries worldwide. In 2018, the company achieved sales of approximately €50 million.

Schmid Rhyner AG specializes in products for print finishing and digital printing. In addition to protecting packaging, the products also achieve a variety of optical effects.