05.09.22
Following ARMOR's merger with its US competitor IIMAK, giving birth to ARMOR-IIMAK last October, the closing on May 4, 2022 of Astorg's entry into the capital of ARMOR-IIMAK as a minority shareholder marks a new stage in the growth strategy of this ARMOR group subsidiary.
It represents the ideal opportunity for this global market leader in consumables used in thermal transfer printing technology to set out the first milestones in its 2022-2026 strategic roadmap.
Wednesday, May 4 marks the official entry of the European private equity company Astorg into the capital of ARMOR-IIMAK, an ARMOR group company, as minority shareholder (40%). The capital contribution, the amount of which remains confidential, will support the €150m investment plan over the period of 2022-2026.
"On behalf of the ARMOR Group, I am delighted to be able to plan the future alongside Astorg. This deal has been conducted in the context of renewing our shareholding structure and deploying the ARMOR-IIMAK strategy in the field of traceability," said Hubert de Boisredon, CEO of the ARMOR group, who, as executive president of ARMOR-IIMAK, supervises its strategy and governance, including the relationship with Astorg.
The operational development of ARMOR-IIMAK is being led by the entity's CEO, Christian Lefort, who joined the ARMOR Group in September 2021.
ARMOR-IIMAK now has 18 sites around the world: three coating sites (production of semi-finished products and transformation into finished products) and 15 slitting sites (transformation into finished products), located in close proximity to its customers.
Since the fall of last year, the first synergies have also begun to bear fruit with the launch of the first jointly created ARMOR-IIMAK product, the APX 8, a specialty wax-resin ribbon for flat head printers (labels for pharmaceuticals, cosmetics, cardboard tags, etc.)
In support of its growth objectives, a significant proportion of the funds raised from Astorg has been earmarked to finance new acquisitions. In China, an additional coating line has just been installed to increase the wax range capacity and a new transformation unit will come on stream in Shanghai during the second half of the year.
In France, a new high-speed coating line will be installed at La Chevrolière site near Nantes in 2023, in addition to an ink production unit.
"This strategic project will provide an additional 20% capacity at the French plant for ink production and coating on thin films," said Lefort.
It represents the ideal opportunity for this global market leader in consumables used in thermal transfer printing technology to set out the first milestones in its 2022-2026 strategic roadmap.
Wednesday, May 4 marks the official entry of the European private equity company Astorg into the capital of ARMOR-IIMAK, an ARMOR group company, as minority shareholder (40%). The capital contribution, the amount of which remains confidential, will support the €150m investment plan over the period of 2022-2026.
"On behalf of the ARMOR Group, I am delighted to be able to plan the future alongside Astorg. This deal has been conducted in the context of renewing our shareholding structure and deploying the ARMOR-IIMAK strategy in the field of traceability," said Hubert de Boisredon, CEO of the ARMOR group, who, as executive president of ARMOR-IIMAK, supervises its strategy and governance, including the relationship with Astorg.
The operational development of ARMOR-IIMAK is being led by the entity's CEO, Christian Lefort, who joined the ARMOR Group in September 2021.
ARMOR-IIMAK now has 18 sites around the world: three coating sites (production of semi-finished products and transformation into finished products) and 15 slitting sites (transformation into finished products), located in close proximity to its customers.
Since the fall of last year, the first synergies have also begun to bear fruit with the launch of the first jointly created ARMOR-IIMAK product, the APX 8, a specialty wax-resin ribbon for flat head printers (labels for pharmaceuticals, cosmetics, cardboard tags, etc.)
In support of its growth objectives, a significant proportion of the funds raised from Astorg has been earmarked to finance new acquisitions. In China, an additional coating line has just been installed to increase the wax range capacity and a new transformation unit will come on stream in Shanghai during the second half of the year.
In France, a new high-speed coating line will be installed at La Chevrolière site near Nantes in 2023, in addition to an ink production unit.
"This strategic project will provide an additional 20% capacity at the French plant for ink production and coating on thin films," said Lefort.
