Sun Chemical has announced its intention to acquire Flint Group’s European Publication Gravure Ink Business.
Flint Group confirmed that it agreed with Sun Chemical to sell its European publication gravure ink business to Sun Chemical in the deal, which will include transfer of all product portfolios relating to Flint Group’s European publication gravure product range.
“Sun Chemical remains committed to all its publication businesses,” said Felipe Mellado, chief marketing officer and Board Member at Sun Chemical. “The acquisition of Flint Group’s Publication Gravure Ink business reaffirms our commitment to this sector and will enable us to further strengthen and enhance the performance of our own publication gravure plants. We pride ourselves on our high level of quality and customer service and – after completion of the transaction – will work alongside Flint Group to ensure a smooth and seamless transition of operations, ensuring customers are fully supported.”
Flint Group’s decision to sell its European publication gravure business is in line with the organization’s long-term strategy to increase focus on its core web offset markets, where it continues to build on its market position, as evidenced by the recent purchase of Siegwerk’s global web offset business and expansion of its global Print Media business.
“We are pleased to have reached this agreement with Sun Chemical - securing the long term supply for our publication gravure customers in Europe,” said Tony Lord, GM Print Media Europe, Middle East and Africa/VP European Operations. “After completion Flint Group will work closely with Sun Chemical to ensure that the transition is completed with minimal disruption for our customers.”
Completion is still subject to customary closing conditions, including approval by the competition authorities. Until such time as approval is granted, Flint Group and Sun Chemical will continue to manage their European publication gravure businesses independently and without impact to customers, employees or suppliers.
Flint Group’s Publication Gravure customers outside of Europe will remain unaffected by these changes.