Funds managed by CVC Capital Partners (CVC), a leading European private equity firm, acquired the printing inks and printing plates operations of BASF, which consist mainly of BASF Drucksysteme GmbH and other printing system companies, and ANI Printing Inks (ANI) on Sept. 30. The transactions are subject to regulatory approval. The new company will have annual sales in excess of R830 million ($1.03 billion).
The sale covers all the BASF printing system facilities and activities, including pigment production at the BASF Colorants & Chemicals Co. Ltd. in Shanghai as well as the production of alkali blue at the BASF Corporation’s plant in Huntington, WV.
The sale by BASF should enable the printing system business to emerge as a leading international supplier in the industry. The first step towards this goal will be the merger with the Swedish printing inks manufacturer ANI Printing Inks (ANI) under the CVC um
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