Coating & Converting Technologies Inc. (CCT) recently announced that it will become part of water-based specialty adhesive tapes manufacturer ATP Adhesive Systems Group. The combination reportedly strengthens the market position of both companies and allows for a wider range of tailor-made solutions to their customers.
ATP produces high-performance adhesive tapes, exclusively focusing on water-based technology. The company serves a wide range of end markets, including construction, medical, mobility, electronic applications, and general industries, offering tailor-made solutions through its in-house R&D capabilities. ATP employs approximately 400 staff at its production sites in Germany and the UK, as well as in its headquarters and development center in Switzerland.
CCT is a leading solution provider in the US, mainly to clients in the healthcare sector, with coating and converting capabilities of specialized adhesive tapes. CCT’s founder Robert Dempsey, as well as CEO Rich Hipp, together with their team will continue to run the firm’s operations from the company’s Philadelphia location.
“We know Rob and CCT since many years and are delighted to welcome the entire CCT team to the ATP family,” said Daniel Heini, ATP’s CEO. “We have always viewed CCT as an outstanding platform and cannot wait to start working together. We will significantly invest into CCT’s operations to provide its North American customers with the best possible product. Our acquisition of CCT again highlights ATP’s strong ambition to expand internationally and further diversify its offering.”
“I am very excited for CCT to become part of ATP–whose DNA is very similar to ours and focusses around offering the best solution to customers,” said Rich Hipp, CEO of CCT. “Further having access to ATP’s leading adhesive technology and formulation know-how will enable us to establish CCT as one of the leading specialty adhesive tapes manufacturers in the US.”