The merger, which is expected to be completed by Jan. 30, 2014, combines two of Ink World magazine’s 2013 Top 20 North American ink companies
David Savastano, Editor01.09.14
Up until the last month or so, there has not been a lot of merger and acquisition activity within the ink industry during the past year. Any activity has been focused on growth markets such as South America or in the packaging sector.
The news that American Inks and Coatings (AIC) has signed a definitive agreement to acquire Color Resolutions International (CRI) through an asset purchase arrangement fits the packaging category.
The merger, which is expected to be completed by Jan. 30, 2014, combines two of Ink World magazine’s 2013 Top 20 North American ink companies. Headquartered in Pine Bluff, AR, AIC is the 13th largest North American ink manufacturer, with sales of $85 million in ink and coatings in 2012. CRI, located in Fairfield, OH, was the 19th largest North American ink company, with estimated sales of $55 million in 2012. AIC had 217 employees in 2012, while CRI had 127 employees
Both companies are exclusively packaging, although their core mar
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