After years of relative quiet on the merger and acquisition front, consolidation is now impacting the printing ink world.
David Savastano, Editor11.23.16
For years, the printing industry and suppliers to the ink industry have been impacted by mergers and acquisitions, but the printing ink industry has been relatively untouched. There have been a few acquisitions in the past decade, but these deals have been few and far between.
However, since the last quarter of 2015, the ink industry has seen no fewer than 16 acquisitions, ranging in size from small bolt-on purchases to Flint Group’s acquisition of American Inks & Coatings (AIC), the eighth-largest ink manufacturer in the US, according to Ink World’s 2016 North American Top 20 Report.
It is hard to say whether this flurry of activity is just an aberration, or whether it is a market correction. Ink industry executives agree that the changes are impacting the industry.
Flint Group has been the most active company in the M&A frenzy. In the last 12 months, the company has acquired Xeikon, the second-largest digital press manufacture in the narrow web segment; A
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