Sericol to be Acquired by Fuji Photo Film Co., Ltd.
January 19, 2005
Fuji Photo Film Co., Ltd. had signed an agreement to acquire Sericol from an investment group led by Saratoga Partners. The deal is expected to close in late February. Sericol is the world leader in the production of premium inks and other consumables for the screen-printing and narrow web industries. It has also aggressively expanded and taken a leading position in the wide format digital ink market, and is a technology leader in UV screen, flexo and digital inks. Fujifilm plans to operate Sericol as one of the key business units within its printing business and officials said that Sericol¹s current management, including CEO Ed Carhart, will remain with the company. 'The acquisition will further expand and develop Fujifilm's printing business, one of the company's core businesses, into other areas of industrial and package printing which are expected to grow steadily in demand,' Fujifilm officials said. 'We are very pleased and excited with this change of ownership,' Mr. Carhart said. 'Fujifilm is a well run, innovative, technology driven company with extensive resources that we will be able to draw upon to continue to grow all facets of our business.'