CCT Coating & Converting Technologies becomes part of ATP Adhesive Systems
US-based adhesive tape specialist CCT Coating & Converting Technologies Inc. is becoming part of water-based specialty adhesive tapes manufacturer ATP Adhesive Systems Group based in Switzerland.
The combination strengthens the market position of both companies and allows to offer a wider range of tailor-made solutions to its customers.
ATP Adhesive Systems Group specialises in high-performance adhesive tapes, exclusively focussing on water-based technology for over 30 years. The company serves a range of end markets, including construction, medical, mobility, electronic applications, offering tailor-made solutions through its in-house R&D capabilities. ATP employs c. 400 staff in its production sites in Germany and the UK as well as in its headquarters and development centre in Switzerland.
CCT Coating & Converting Technologies Inc has established itself in the US mainly to clients in the healthcare sector with leading coating and converting capabilities of specialised adhesive tapes over the past 20 years. CCT’s founder Robert Dempsey as well as CEO Rich Hipp together with their team will continue to run the firm’s operations from their Philadelphia location.
The management teams of both companies expect to significantly increase its service offering especially to its US customers.
Daniel Heini, CEO of ATP, said: “We know Rob and CCT since many years and are delighted to welcome the entire CCT team to the ATP family. 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.”
Rich Hipp, CEO CCT, added: “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. Further having access to ATP’s leading adhesive technology and formulation know-how will enable us to establish CCT as one of the leading speciality adhesive tapes manufacturers in the US.”
Family investor Bregal Unternehmerkapital acquired ATP in 209 and together with its management team is focussing on expanding the business globally.