Breaking News

Fujifilm Buys Avecia's Inkjet Business

January 3, 2006

Fuji Photo Film Co., Ltd. announced Dec. 26 that it has acquired the Avecia Group's Inkjet business, headquartered in Manchester, England, a leading global player in production and sales of dyes and inks for inkjet printers. The purchase price is 150 million pounds sterling ($258.5 million), and the transaction is expected to complete in February 2006.

Avecia's inkjet business had nearly $121.5 million in sales in 2005, and employs approximately 340 people. It has manufacturing plants in the U.S. and UK, and a research center n the UK.

Fujifilm has been actively expanding its business through M&As, such as the purchase of the Microelectronic Material division of U.S.-based Arch Chemicals, Inc. and the acquisition of U.K.-based Sericol Group Limited, expanding its semiconductor processing materials business and printing business. The acquisition of Avecia is an integral part of this growth strategy.