David Savastano, Ink World Editor10.25.05
The Siegwerk Group, Siegburg, Germany, has announced plans to acquire the packaging ink division of SICPA Holding SA. A corresponding purchase agreement was signed in London on June 16, 2005.
With consolidated total net sales of €613 million ($740 million) in the packaging ink segment, the Siegwerk Group would emerge as the world’s second-largest manufacturer of packaging ink. The Siegwerk Group would move up to become one of the world’s top five ink manufacturers with consolidated total net sales of €773 million ($935 million). Regulatory approval is expected from the anti-trust authorities in the course of the summer months.
With this strategic repositioning SICPA, the global leader in inks for banknotes and documents of value, will focus on its highly successful security inks and systems businesses for governments and industry.
