Flint Ink Corporation, Ann Arbor, MI, has announced a combination merger and acquisition agreement with Gebrüder Schmidt GmbH, a major ink manufacturer in Germany.
The two companies will merge their European operations, while Flint Ink will acquire Gebr. Schmidt’s operations in Canada. The agreement was signed April 5 and announced by the leadership of the two companies during a press conference April 9 at IPEX in Birmingham, U.K. The transaction is expected to close in May after completion of necessary regulatory approvals.
The merged group will become one of the three largest ink companies in Europe, with revenues of approximately E450 million and 1,500 employees. The combined business will be named Flint-Schmidt GmbH & Co. KG, based in Frankfurt/Main, Germany.
Founded in 1878, Gebr. Schmidt is a privately owned ink manufacturer based in Frankfurt/Main, with a very strong presence in the publication ink market
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