West Chicago, IL 60185
Phone: (630) 231-6500
Fax: (630) 231-6520
Sales: $65 million.
Major Products: Web offset heatset, coldset, sheetfed, flexo and UV/EB inks. CIC is also one of the largest blanket converters in the Midwest.
Key Personnel: Richard Breen, CEO; Gregg Dahleen, president; Doug Anderson, VP of product development; Scott Feigleson, CFO; John Pieranunzi, VP of sales and marketing; Victor Dahleen, VP of strategic services.
Number of Employees: 117.
Operating Facilities: West Chicago, IL; Minneapolis, MN; Milwaukee, WI; Swedesboro, NJ; Fontana, CA.
Comments: Central Ink Corporation had a solid year in 2014, overcoming the challenges facing the North American publication and commercial printing markets. Meanwhile, the company made an acquisition and formed a partnership to expand its sales globally.
“Our sales in 2014 were similar to 2013,” said Doug Anderson, Central Ink’s VP of product development. “The consolidation within our customer base makes it a challenge to increase sales.”
In an important move, Central Ink acquired the assets of C&W Pressroom Products (C&W), a leader in the field of environmentally friendly pressroom chemistry, with an eye on taking advantage of industry synergies and providing product diversification.
“Central Ink completed the acquisition of C&W Pressroom Products in 2014,” Anderson said. “This will benefit our customers with combined deliveries of ink and pressroom supplies.”
C&W manufactures and sells pressroom products, including acid washes, blanket washes, fountain solutions and industrial cleaners, to the printing industry. Central Ink set up a new manufacturing facility close to its headquarters on Hawthorne Lane in West Chicago, IL, which replaced C&W’s New Jersey manufacturing site.
Central Ink also formed a partnership with Rendic Graphics, which supplies supply printing ink, chemicals and press equipment to web offset and sheetfed printers in China, Australasia, South America, Central America, Caribbean and Africa.
Central Ink is also working hard on R&D, formulating new sheetfed inks for packaging.
“We have developed a new line of low odor sheetfed inks for our packaging customers,” Anderson noted. “We will continue to work with our customers to develop products that meet their customer’s requirements.
“We are working on GHS-compliant SDS and labeling at this time,” he added. “We have hired consultants to work with our technical team to ensure proper compliance.”
While 2015 was a stable year for raw materials in terms of pricing, Anderson said that nothing is certain for 2015.
“Currently the raw materials have been very stable. Of course, when dealing with commodities, anything can happen,” Anderson added.
Overall, Anderson said that Central Ink is looking to expand its product offerings and is examining another potential acquisition.
“Central Ink is looking to make another acquisition in 2015 to expand our product line,” Anderson concluded. “We are committed to graphic arts and look forward to increasing our presence in other market segments.”