Addition of North American packaging ink specialist positions Flint Group in paper & board, flexible packaging segments.
David Savastano, Editor05.19.16
Flint Group has been on an impressive buying spree recently, adding Siegwerk’s web offset business, Advanced Color Systems and most notably, Xeikon. In terms of printing ink, the news that Flint Group is adding American Inks & Coatings (AIC), the eighth-largest North American ink manufacturer in Ink World’s Top 20 with $130 million in sales in 2015, is the largest news to date.
As always, the transaction remains subject to customary closing conditions, including necessary regulatory approvals. It is estimated that the acquisition should be completed this year.
Headquartered in Pine Bluff, AR, American Inks and Coatings has locations in Winston-Salem, NC; Shreveport, LA; Portland, OR; Ontario, CA; San Leandro, CA; Dallas, TX; Atlanta, GA; Chicago, IL; Fairfield, OH; and Mississauga, Ontario. The company has more than 300 employees.
The Fairfield, OH location is particularly interesting, as it was previously the state-of-the-art manufacturing pl
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