The German company has taken a minority stake in Benny Landa’snanographi c printing venture.
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German specialty chemicals group Altana is investing $135 million (€100 million) in Landa Corporation unit Landa Digital Printing in an equity financing agreement. 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. The process involves ink, nanometric in size (one billionth of a meter) allowing high quality and efficiency in printing, mainly for the commercial market.
Altana’s investment is for minority rights in the company. Altana said that, “Both companies see the agreement not only as a financial investment, but also 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.”
Landa told “Globes, “”Altana has annual revenue of €1.8 billion and is found in many places in the printing industry and that’s what is relevant for us. Altana has four subsidiaries, three of which are involved in our industry and that’s what makes them a strategic investor. One of the subsidiaries manufactures additives for colored inks, and another manufactures pigment ingredients, and one manufactures printing coatings so that they really go together with our activities.”
He added, “That said, although it is a strategic investor it is not in the printing machinery market so have no competitive conflict, and that’s what makes it a special investment.”
Published by Globes [online], Israel business news – www.globes-online.com