Private equity-backed IGM Resins BV, a Dutch manufacturer of products and specialty chemicals to the coatings industry, has acquired a unit of Lamberti SpA for an undisclosed price.

Lamberti agreed to sell its photoinitiator business, which enables companies to facilitate the UV-curing process, which is essential for creating various types of coatings, inks and adhesives that can be used in packaging foods. According to IGM, the acquisition brings an advanced product line to the company that are compliant with the U.S. Food and Drug Administration, as well as "stringent European regulatory requirements."

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