Altana invests in Velox

The specialty chemicals group ALTANA invests in the Israeli industrial digital printing company Velox Ltd., expanding its technology and investment portfolio in this area. The parties have agreed not to disclose the investment amount.

Velox has developed a breakthrough digital technology for direct-to-shape packaging decoration (e.g. tubes and cans) on a wide variety of materials at mass production speed and excellent quality, applicable for one-offs to large series production. The enterprise already delivered the first solution to a global plastics tube manufacturer, and secured multiple high-value orders from strategic customers in Europe and USA.

The novel digital printing technology of Velox intersects with numerous activities of the ALTANA Group in the areas of printing and packaging.