Flint Group acquired Printec, after the former’s European gravure business was acquired by Sun Chemical.
Package Printing reported on Flint Group acquiring Printec, with the latter manufacturing and selling “water-based inks for flexo and gravure applications” in North America. Flint Group stated that with the acquisition, it “strengthens its position and support to the paper and board segment” in the market, with the deal effective as of 30 September. Flint also recently acquired Advanced Color Systems (ACS) and American Inks and Coating (AIC), with the latest deal “another step in this strategic journey to support customers in this region”.
Doug Aldred, President of Flint Group’s Packaging and Narrow Web unit, stated: “We warmly welcome the employees of Printec as they join the Flint Group family. We are extremely pleased with this addition to our growing packaging division in North America. As a key supplier of inks and coatings for high-end paper applications, Printec’s technology expertise and products, combined with the infrastructure of Flint Group, will benefit our current and future customers. We admire the business which Printec has built and look forward to working alongside them for further growth.”
Ray Stanley, President and Co-owner of Printec Industries, commented: “This partnership with Flint Group will add significant value for our customers in the long term. Flint Group is focused on reducing overall applied cost and providing solutions which will benefit our loyal customers in the growth and stability of their businesses. Our customers can be assured that they will be working with a world-class company. Flint Group’s products and technical knowhow will be a great complement to Printec’s products and service.”
Packaging Business Review reported in turn that Sun Chemical has acquired Flint Group’s European publication gravure ink business, though “terms of the deal, which was first announced in August, have not been disclosed”. The deal includes the “acquisition of all product portfolios related to Flint Group’s European publication gravure product range”, with Flint Group having “divested the European publication gravure business to focus on its core web offset markets”.
When announcing the deal, Flint Group commented that the customers outside of Europe would “remain unaffected by these changes with business continuing as usual”. Felipe Mellado, CMO and board member at Sun Chemical, added that “we are delighted to confirm the acquisition of Flint Group’s Publication Gravure Ink Business, which reaffirms our commitment to this sector, and enables us to further strengthen and enhance the performance of our own publication gravure plants.
“Now that the acquisition is complete, we are working with Flint Group to deliver a smooth and seamless transition of operations, so that customers remain fully supported with our high levels of quality and customer service”.