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Flint Group, a global solutions provider to the packaging and print media industries has issued a binding offer to Siegwerk to acquire its web offset business. This offer includes the transfer of all technical expertise and product portfolios relating to Siegwerk’s Heatset and Newsink product lines.
"We are very excited by this transaction,” says Antoine Fady, CEO, Flint Group. "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.”
The Siegwerk publication gravure business, which manufactures printing inks for high-end magazines, catalogues and commercials, will be continued. Its long-standing expertise and high market share of around 45% in Europe give Siegwerk an exceptionally strong market position in this area.
