Sihl AG Acquires Star Coating, Diatec Group Expands

Diatec Groupis has acquired Star Coating AG. The acquisition will enhance its European industrial base, and gives Diatec entry into light sensitive films for the electronics industry.

Star Coating AG, Niederhasli, Canton Zurich, Switzerland, will be re-incorporated as a wholly owned subsidiary of Sihl AG, located in Bern, Switzerland. Proximity to Bern, and similarities in product assortment and production equipment, are expected to yield a competitive and high-tech manufacturing enterprise as the acquisition is integrated with Sihl AG, and with Diatec Group’s other film coating operations in Germany and the USA.

A substantial portion of the “Star” business is for light sensitive films used in the manufacture of printed circuit boards, a new business field for Diatec Group. This is a step forward in a long term strategy to grow beyond Digital Imaging into new fields for which coating flexible materials is the primary business, and which fit Diatec’s mission to become “The Coating Company”. The acquisition will increase Diatec Group turnover by about six percent.