The Siegwerk Group, Siegburg, Germany, plans to acquire the packaging ink division of SICPA Holding SA. A corresponding purchase agreement was signed in London on June 16, 2005. With consolidated total net sales of 613 million euro in the packaging ink segment, the Siegwerk Group would emerge as the world's second-largest manufacturer of packaging ink. The Siegwerk Group, with a 175-year old history, would move up to become one of the world's top five ink manufacturers with consolidated total net sales of 773 million euro. Regulatory approval is expected from the anti-trust authorities in the course of the summer months.
SICPA Holding SA will continue to operate its security ink and systems business out of its headquarters in Lausanne (Switzerland).
"The acquisition is a major step towards the Siegwerk Group consolidating its worldwide presence and positioning as a global player," said Herbert Forker, president and CEO of Siegwerk. "We can now supply globally operating converters as well as national clients in every country in the world and support them in application engineering. This also makes us an interesting partner for the major brand companies."