David Savastano, Editor09.01.21
Avient has become a major force in the decorative apparel segment of screenprinting ink, adding well respected brands including Wilflex, Union Ink, QCM and Rutland in recent years.
On July 1, 2021, Avient announced another major addition, acquiring Magna Colours Ltd., a UK-based leader in sustainable, water-based inks technology for the textile screenprinting. Avinet paid $48 million for the company, which is headquartered in Barnsley, UK.
"Magna represents an important investment in sustainable solutions, as brand owners seek alternatives to legacy technologies," said Robert M. Patterson, chairman, president and CEO, Avient Corporation, said in announcing the acquisition. "We expect our collective inks portfolio will grow substantially as the threat of COVID subsides, people can safely attend sporting and other live events in person, and travel increases."
“While growing Magna, I had a goal to revolutionize the industry and promote sustainable options &nda
Continue reading this story and get 24/7 access to Covering the Printing Inks, Coatings and Allied Industries - Ink World for FREE
Ink World magazine has tracked the growth of the ink industry and its allied industries through years of changes, technology, evolution, consolidation and market development. No other magazine has been around for as long or covered as much of the global printing ink business. This website is dedicated to providing in-depth industry coverage and late-breaking news.
FREE SUBSCRIPTION
