Nine years after selling Jetrion to EFI, Flint Group rejoins inkjet market by purchasing major press manufacturer.
In 2006, Flint Group, then owned by CVC Capital Partners, sold Jetrion, its inkjet division, to EFI. Jetrion was focused on the label market, and had approximately $3 million to $5 million in sales that year. EFI paid CVC approximately $40 million in cash. Jetrion has since become one of the industry leaders in inkjet printing for narrow web and labels.
It seemed counter-intuitive at the time: inkjet was (and remains) one of the brightest areas for printing and inks. For nearly a decade, Flint Group has remained on the sidelines in this growing market.
Flint Group has now made a major move back into digital printing with the Nov.20, 2015 announcement of its acquisition of Xeikon, which develops and manufactures color inkjet presses and consumables for the label, folding carton, document and commercial markets.
What prompted this decision? Well, to begin with, Flint Group is now owned by a partnership between Goldman Sachs and Koch Industries, whose stated goal is t
Continue reading this story and get 24/7 access to Covering the Printing Inks, Coatings and Allied Industries - Ink World for FREE
Ink World magazine has tracked the growth of the ink industry and its allied industries through years of changes, technology, evolution, consolidation and market development. No other magazine has been around for as long or covered as much of the global printing ink business. This website is dedicated to providing in-depth industry coverage and late-breaking news.
Already a subscriber? Login