Landa lands EUR 100 million investor

Benny Landa, Chairman and CEO of Landa Corporation

­GERMANY • Altana, the­ speciality chemicals group, has signed an equity agreement that will fund Landa Digital Printing (part of the Landa Corporation) to the tune of EUR 100m.

Aimed at kicking off a long-term strategic partnership, the two companies believe the agreement will hasten the arrival of new digital technology in the packaging market as well as the commercial and publishing sectors.  The agreement does not include Landa Labs and Landa Ventures.

The new funds will be used to develop Nanography, Landa’s water-based digital printing process, and will support the engineering and production ramp-up of Landa Nanographic printing presses, as well as the creation of manufacturing plants for Landa NanoInk colorants.

Speaking for Altana, CEO Dr Matthias Wolfgruber commented that his company is excited to be partnering an industry visionary like Benny Landa, because the two speak the same language of innovation.  He added that he sees the investment as an involvement in game-changing technology that will keep the print industry growing through the 21st century by equipping converters with technology for the future.

Dr. Matthias L. Wolfgruber, CEO, ALTANA AG
Dr. Matthias L. Wolfgruber, CEO, ALTANA AG

Commenting on the agreed funding, Benny Landa said that the alliance with Altana was a milestone for his company, and a vote of confidence in its mission to bring digital printing to the mainstream markets.  He pointed out that Altana has a wealth of relevant experience and worldwide manufacturing expertise that would be of great value.

Andreas Keller

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