Addition of packaging ink manufacturer strengthens position in Canada.
David Savastano, Editor01.18.16
After a fairly slow 10 months in 2015, there was a flurry of merger and acquisition activity within the ink industry at the end of the year. I’ve already discussed the Flint Group purchase of Xeikon here and the Toyo Ink acquisition of DYO Printing Inks here.
There was a third move of note, in which Sun Chemical entered into a definitive agreement to acquire certain assets and liabilities of Colmar Inks Corporation, including customer lists, inventory and contracts.
Led by Ralph Marshall, Colmar Inks is an Ontario, Canada-based liquid ink manufacturer. Colmar dates back to 1984, when it was formed to acquire Hendershot Inks Company, It is a leader in the water-based corrugated and the folding carton markets in Canada. The company has manufacturing facilities in Toronto and Montreal. The deal is anticipated to close during the first quarter in 2016.
For Sun Chemical, acquiring Colmar Inks expands Sun Chemical’s position in the Canadian printing ink
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