Fort Mill, SC 29715
Tel: (803) 548-2210
Sales: $200 million (Ink World estimate).
Major Products: Sheetfed and web offset inks, solvent-based and water-based flexo and gravure inks, energy-curable inks and coatings, security inks, UV inkjet inks, overprint varnish and aqueous coatings. Pressroom supplies, including photopolymer plates, press washes, blankets and more.
Key Personnel: Geoff Peters, president and CEO; Martin Iles, VP and CFO; Daryl Collins, VP of international & corporate services; Greg Burch, VP of sales & regional operations; Jim Leitch, VP of Great Lakes region & business development; Frieda Liles, VP of finance; Evan Benbow, Ph.D., director of research; George Vance, director
No, of Employees: More than 500
Operating Facilities: 33
Comments: Wikoff Color had an excellent year in 2019, as the company continued to integrate its 2018 Braden Sutphin Ink acquisition as well as adding new ink and product lines.
Geoff Peters, Wikoff Color’s president and CEO, said that 2019 was a year of growth through acquisition and an expanded product offering for Wikoff Color.
“Following our acquisition of Braden Sutphin Ink Company in late 2018, we focused on integrating several new manufacturing sites to our technical service and support model,” Peters noted. “Wikoff Color also partnered with industry leaders in a variety of disciplines to bring a wide breadth of innovative products to customers, providing a comprehensive source for pressroom solutions. At Wikoff, Color we are forecasting for more significant growth in our label, flexible packaging and digital product lines.”
Wikoff Color has successfully expanded its product offerings, including a 2018 agreement to distribute Asahi photopolymer plates and manufacture Gelflex EB Flexo. Peters said that one of the key highlights for Wikoff Color this year was the opening of its Wikoff Graphics location in Green Bay, WI.
“This segment of our business is dedicated to providing Asahi photopolymer plate material, as well as technical support through processing equipment and prepress software. We are excited to see the growth of this new product division,” Peters reported.
“Obtaining the ability to manufacture and sell Gelflex EB Flexo products was another highlight during the past year and demonstrates our commitment to sustainability,” Peters continued. “We have already hosted several customer open houses and successful press trials demonstrating the numerous benefits offered by this technology.
“The major highlight from 2019 would be the way that all the disciplines across Wikoff Color (IT, Finance, HR, Manufacturing, Sales, Marketing, R&D, Technical Service and Quality) worked with their counterparts at Braden Sutphin to make the integration of the two companies as invisible to our customers and as stress-free to our employees as possible,” Peters added.
The ink industry faces numerous concerns. Greg Burch, VP of sales & regional operations for Wikoff Color, said that the biggest challenges currently facing the printing and ink industries are regulatory concerns driven by consumer demands and raw material sourcing issues from both production disruptions and logistics lead times.
“We continue to monitor these situations very carefully and have worked with suppliers to ensure enough safety stock is in place to not face any supply disruptions,” Burch said.
As for raw materials, supply issues due to coronavirus is an industry concern.
“Like everyone in our industry right now, our biggest concerns in terms of raw materials are logistics challenges due to the coronavirus,” Ken Klug, Wikoff Color’s director of purchasing, reported. “Fortunately, Wikoff continues to avoid inventory issues.
Our suppliers have us well-positioned with inventory for several months.
Peters said that Wikoff Color is well-positioned for another year of growth in 2020.
“In 2020, we anticipate an increase in our customer base and good growth in our label and flexible packaging product lines,” Peters said. “Our Wikoff Digital team is also predicting an increase in sales through new product development. We anticipate our energy-cure products and photopolymer plate technologies to have a strong growth year as well.”