The Flint Group has finalized its acquisition of the web offset business of Siegwerk, having received regulatory approval from the competition authorities. The deal includes all technical expertise and product portfolios relating to Siegwerk’s Heatset and Newsink product lines.
Antoine Fady, CEO of the Flint Group, commented: “This commitment guarantees a long term supply position for our Heatset and News Ink customers and further enhances our strong focus on the Print Media and Packaging markets across the world.”
Tony Lord, general manager of Flint’s Print Media EMEA operations, said: “Flint Group is determined to maintain the same levels of quality and service with minimal disruption to Siegwerk or Flint Group customers. Looking further, it will also provide us with the opportunity to combine technologies to not only expand on Flint Group’s product portfolio but also improve on our value and service offer to the customer.”
Meanwhile, Siegwerk will continue to focus on its core business in packaging printing as well as inks and coatings for labels and flexible packaging.