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Altana buys packaging coatings firm, sells industrial unit to BASF.
(From Chemical Business NewsBase - Chemical Week)
Altana Chemie has taken over Kelstar International, a manufacturer of water-based and ultraviolet curable overprint coatings for the paper and board packaging industry. Kelstar had sales of $48.5 M in 2004. All employees are expected to move to Altana, and the deal includes all production assets. Altana will focus exclusively on specialty coatings for the …
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