West Chicago, IL 60185
Tel: (630) 231-6500
Fax: (630) 231-6585
Sales: $62 million.
Major Products: Web offset, heatset, coldset, sheetfed, flexo and UV/EB inks; pressroom chemicals and blankets.
Key Personnel: Dan Breen, CEO; Gregg Dahleen, president; Scott Feigleson, CFO.
Number of Employees: 150.
Operating Facilities: West Chicago, IL; Plymouth, MN; Menomonee Falls, WI; Swedesboro, NJ; Doral, FL; Fort Worth, TX; Sparks, NV.
Comments: Central Ink Corporation (CIC) is a leader in the field of heatset, coldset and sheetfed offset inks. The company has fully integrated its acquisition of Impression Inks, which expanded the company’s presence in the southwest US. Central Ink had a good year in 2019, enjoying modest revenue growth driven by increased volumes in most business segments.
“We continue to see opportunities within our core product lines,” said Central Ink president Gregg Dahleen. “Our energy curable business has grown 25% over the past two years, and we see this as a path to consistent growth over the next several years.
“We launched our new line of LED and HUV offset inks, and increased our market share in several lines of business,” Dahleen added. “Our international business continues to grow and continued innovation within our consumables company should be a source of growth moving forward.”
Dahleen reported that the greatest challenge facing the ink industry has been raw material increases and availability.
“CIC is combating those with strategic purchasing agreements and by proactively diversifying our supply chain,” he noted.
“Industry consolidation is also an apprehension, but we believe in maintaining solid, mutually beneficial coalitions with our customers and others within our industry.
“CIC’s most current concern is in determining how a potential global pandemic or other large-scale disasters may affect our global purchasing ability,” Dahleen added. “More generally speaking, the inconsistency in messaging regarding trade policy in the United States creates a challenge.”
New product lines will be the key to Central Ink’s growth in the future.
“We assume the declining trends in certain business lines will continue, and we believe our investment in new product lines and markets will more than offset those challenges as they have the past few years,” Dahleen concluded.