David Savastano, Ink World Editor12.12.05
For the printing ink industry, there has never been a year like 2005. Mergers and acquisitions, which have been scarce in the past few years, dominated the news. Consider these highlights:
• March 1: Fujifilm acquired Sericol International (estimated 2005 sales of $275 million);
• June 16: Siegwerk Group acquired SICPA’s Packaging Ink Division (estimated annual sales of $400 million);
• July 20: Flint Ink and XSYS Print Solutions agree to merge (combined 2005 sales: $2.6 billion);
• Aug. 3: Altana Chemie acquires Eckart Group (2004 sales of $412 million);
• Oct. 24: Huber Group acquires majority stake in Micro Inks (2005 sales of $220 million).
No deal was larger than CVC Capital Partners, the venture capital company that formed XSYS Print Solutions by acquiring BASF Drucksysteme and ANI Printing Inks in 2004, and later purchased Flint Ink in July. This ranks as the largest deal ever made in the ink industry, as Flint Ink gene
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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.
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