The new company, which will retain the name American Inks and Coatings, will continue the 80-year history of the original name. The management team of both companies will stay intact, as will its locations.
As a result of the acquisition, the combined complementary technology and manufacturing experience will provide packaging printers with one company with supply and service capabilities across the entire fluid ink spectrum. The resulting synergies will benefit customers through purchasing, operational cost control, development of new products, new technologies and value-added services.
“This combination of companies means that we now have technology and manufacturing capability in solvent-based and water-based ink, laminations, chip dispersions, high solids water dispersions, water- and solvent-based overlacquers, energy curable UV and EB coatings for paper, film and foil and the unique ability to react polyester,” said Jerry. Mosley, CEO of Mosley Holdings, Sheridan, AR, the parent company.
“Those capabilities, combined with the Packaging Ink Company’s strength and innovation using in-plant blending systems, make the new American Inks and Coatings Corporation a viable alternative in today’s market,” Mr. Mosley said. “The new company is well structured, well managed and has the capital base to bring new ideas and add value to any packaging printer’s process plus be price competitive with any ink company today. All of us at the new American Inks and Coatings are excited and committed to being a valuable partner to our current and future customers.”
Mitch Baker, president of Packaging Ink Company, will be president of the new American Inks and Coatings, said the company is already exploring new opportunities.
“It’s a very good company with a lot of good people, and we’ve started doing some good things already,” Mr. Baker said. “It’s an exciting time.”
“It’s going to be an exciting time for our company,” said William P. Rimel III, president and CEO of the former American Inks and Coatings as well as the president of the National Association of Printing Ink Manufacturers (NAPIM). “They are real good people.”
The new company will operate facilities in Ohio, North Carolina, Pennsylvania, Virginia, Florida, Arkansas, Louisiana, Texas and Kansas.