ATP adhesive systems AG (ATP), a global leader in solvent-free adhesive technologies, has announced the acquisition of NESCHEN Coating GmbH a well-known manufacturer of solvent-free adhesive products, from Blue Cap AG. Formerly a Starleaton agency, Neschen is now represented by Spicers in Australia.
ATP Adhesive Systems HQ at Wollerau, Switzerland
Neschen was bought from insolvency by Blue Cap AG in 2016, and successfully turned around. At the time of Starleaton's 2024 insolvency, administrators Cathro Partners listed its debt to Neschen Coatings AG at around $350,000. Neschen was founded in 1889 and bought by Hans Neschen in 1946. ATP is a Swiss-German company and winner of Delloit's 'Best Managed Company' with sales in excess of CHF 100 million (ca. AUD$173 million), in 2023.
This strategic acquisition is a pivotal step in ATP’s mission to enhance production capacity, further its commitment to sustainable products, and strengthen its supply chain resiliency.
The acquisition of Neschen aligns with ATP’s long-term strategy of delivering innovative, solvent-free solutions to its customers across various industries. Both companies share a strong focus on sustainability, as NESCHEN, like ATP, is dedicated to producing eco-friendly, solvent-free adhesives and products thereof. This shared vision ensures a seamless integration of Neschen Coating into the ATP family and reinforces ATP's position as a market leader in environmentally responsible adhesive technologies.
Expansion of the Graphic Arts Product Portfolio and Capacity Enhancement
With Neschen ’s advanced production capabilities, ATP significantly increases its manufacturing capacity, enabling higher production
Neschen's Bückeburg, Germany HQ volumes and improved operational efficiency. This acquisition also facilitates strategic diversification, allowing ATP to tap into new markets and broaden its product offerings, particularly within the graphic arts segment and other key sectors. In addition to expanding production, the acquisition fortifies ATP’s supply chain strategy, ensuring operational resilience and redundancy. By incorporating Daniel Heini, CEO of the ATP Group’s assets and capabilities, ATP enhances its ability to respond quickly to market demands and potential disruptions, ensuring uninterrupted service for its global customer base.
A Step Forward in Sustainability
Neschen’s expertise in producing solvent-free adhesive products perfectly complements ATP’s core focus on sustainability. This acquisition strengthens ATP's position as a leader in eco-friendly adhesive technologies, aligning with the increasing demand for sustainable products across industries such as automotive, construction, and medical.
Daniel Heini, CEO of the ATP Group said: "We are thrilled to welcome Neschen into the ATP family. This acquisition is not just about increasing our production capacity, but also about advancing our shared commitment to sustainability. Together, we will continue to lead the market with innovative, solvent-free solutions."
